On Monday morning, the first thing I looked at wasn’t whether BTC was up or not... 🐋
What I wanted to know was—who’s still buying?
ETF outflows continue, and market sentiment remains bearish.
Many people have already started to worry whether the market will keep dipping this week.
This morning, I went through the on-chain data first.
According to AiCoin’s on-chain data statistics, over the past two weeks, large whales have cumulatively accumulated 270,000 BTC, worth about $16.7 billion.
Then looking at the recent 24-hour price action: BTC quickly surged from around 62,400 to 63,990, then pulled back to 63,750—yet the bids still held the price steady.
That kind of support looks more like big money continuously accumulating, not a rebound driven by retail sentiment.
What I care about now isn’t how much the price has risen, but who the supply is being transferred to.
The available flows are quite straightforward: institutions are still adjusting their positions, ETF funds are still flowing out, while whales are steadily increasing their holdings.
Some choose to exit, while others quietly take over the chips.
The market fluctuates every day, but chips don’t disappear out of thin air—they just move between different pools of capital.
Historically, whenever long-term money starts steadily accumulating, the market often enters a new phase of chip consolidation.
As for whether this is the bottom, no one can reach a conclusion in advance. But fund flows usually give the answer earlier than market sentiment.
So, at the start of this new week, I won’t rush to predict up or down.
I’ll keep watching just one thing—whether whales continue to buy.
Price can manufacture sentiment, but money rarely lies.
#BTC #on-chain data #whales #institutional capital
What I wanted to know was—who’s still buying?
ETF outflows continue, and market sentiment remains bearish.
Many people have already started to worry whether the market will keep dipping this week.
This morning, I went through the on-chain data first.
According to AiCoin’s on-chain data statistics, over the past two weeks, large whales have cumulatively accumulated 270,000 BTC, worth about $16.7 billion.
Then looking at the recent 24-hour price action: BTC quickly surged from around 62,400 to 63,990, then pulled back to 63,750—yet the bids still held the price steady.
That kind of support looks more like big money continuously accumulating, not a rebound driven by retail sentiment.
What I care about now isn’t how much the price has risen, but who the supply is being transferred to.
The available flows are quite straightforward: institutions are still adjusting their positions, ETF funds are still flowing out, while whales are steadily increasing their holdings.
Some choose to exit, while others quietly take over the chips.
The market fluctuates every day, but chips don’t disappear out of thin air—they just move between different pools of capital.
Historically, whenever long-term money starts steadily accumulating, the market often enters a new phase of chip consolidation.
As for whether this is the bottom, no one can reach a conclusion in advance. But fund flows usually give the answer earlier than market sentiment.
So, at the start of this new week, I won’t rush to predict up or down.
I’ll keep watching just one thing—whether whales continue to buy.
Price can manufacture sentiment, but money rarely lies.
#BTC #on-chain data #whales #institutional capital