Bitcoin Whales Accumulate $16.7 Billion in BTC Amid ETF Outflows
Bitcoin whales purchased over 270,000 BTC, amounting to $16.7 billion, in a two-week period, according to CoinDesk. This comes as U.S. spot bitcoin exchange-traded funds (ETFs) experienced record outflows totaling $4.06 billion in June, marking the worst month since their launch.
In a notable market trend, large bitcoin holders, often referred to as whales, acquired more than 270,000 BTC, which translates to approximately $16.7 billion, over a span of two weeks. This accumulation occurred alongside unprecedented outflows from U.S. spot bitcoin exchange-traded funds (ETFs), which lost about $4.06 billion in June, the worst month since their inception.
The divergence between whale accumulation and institutional selling is significant. Analysts from Bitfinex highlighted that while U.S. institutions withdrew capital at a rapid pace, large wallets countered this trend by increasing their holdings. This pattern—where whales buy while institutions sell—often indicates a near-market cycle low, suggesting that long-term holders are acquiring assets from sellers ahead of a potential market recovery.
Despite broader weakness in the cryptocurrency market, with many major assets suffering significant price declines, Solana has shown resilience, gaining about 15% since early June. This growth is attributed to ongoing protocol upgrades and a 120% increase in on-chain transfers of tokenized real-world assets, amounting to $8.53 billion. Analysts indicated that this divide between performance trends among various cryptocurrencies represents a familiar cycle, where alternative cryptocurrencies (alts) typically experience sell-offs before recovering.
Looking ahead, the next inflation report is anticipated to be crucial for the cryptocurrency market, especially after a hot reading of 4.2% in May. Market participants are particularly interested in how it may influence the Federal Reserve's interest rate decisions, which have currently exerted downward pressure on bitcoin prices.
Summary based on original reporting by Shaurya Malwa at CoinDesk, originally published Jul 3, 2026. SolanaWire does not republish source content.
Trump Defends $1.4 Billion Crypto Earnings Amid Criticism
President Donald Trump stated in a CNBC interview that there is 'nothing wrong' with the $1.4 billion he reportedly earned from crypto ventures in 2025, according to CoinDesk. He emphasized that his income is legal and that the U.S. should lead in digital assets, despite critics suggesting he profits from while regulating the industry.
1 hour ago·CoinDesk·Reported by Shaurya Malwa
Bitcoin ETFs Attract $222M, Ending 10-Day Outflow Streak
U.S. spot Bitcoin ETFs recorded inflows of $221.7 million on July 3, 2026, marking the largest daily inflow in about two months, according to Decrypt. This comes after a prolonged outflow period that drained around $2.7 billion from these funds, highlighting a potential shift in market sentiment amid easing economic fears.
2 hours ago·Decrypt·Reported by Decrypt Agent
Options Market Shows Caution Among Bitcoin and Ether Traders
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2 hours ago·CoinDesk·Reported by Omkar Godbole
Crypto Market Strengthens as U.S. Rate Hike Risks Diminish
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2 hours ago·CoinDesk·Reported by Oliver Knight
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