There’s a recent interesting phenomenon in the Bitcoin space: retail investors are getting stopped out and selling at a loss, while the big whales are疯狂ly scooping up. On-chain data shows that wallets holding between 10 and 10,000 BTC have quietly accumulated more than 20,000 BTC since July 29. At current prices, that’s worth about $1.2 billion, and all of it was accumulated within a narrow trading range below $65,000. At the same time, U.S. spot Bitcoin ETFs saw net inflows of $754 million this week, the strongest single-week performance since April. With August not even halfway over, inflows have already exceeded $500 million, standing in sharp contrast to June’s worst-performing month in history📊

Santiment analysis indicates that this kind of diverging trend of “whales accumulating while retail sells off” makes it far more likely for BTC to break above $70,000 than to fall back below $60,000. The panic triggered by the Coldcard wallet theft incident, along with delays in the Clarity Act bill moving forward, have instead become reasons for retail investors to exit—while smart money is using this opportunity to pick up discounted chips. The chips are shifting from weak hands to strong hands.

But also pour a bucket of cold water: even though institutions and whales are buying, the coin price hasn’t truly broken through yet. Analysts remind that only if it closes and holds above $65,000 can the next round of the bullish narrative be considered confirmed; otherwise, the current buying pressure is more like a tactical setup that needs the market to provide a clear confirmation signal. The U.S. Non-Farm Payrolls report is about to be released tonight—it could be the fuse that ignites the move. Keep a close eye on the key level of $65,000 🚀 Click the avatar to find more news