Svmuu News: Against the backdrop of continued outflows of institutional funds in the U.S., Bitcoin whales have cumulatively increased their holdings by more than 270,000 BTC (approximately $16.7 billion) over the past two weeks, marking a stark contrast to the record outflows from U.S. spot Bitcoin ETFs.
Analysts point out that this temporary divergence exhibits characteristics of historical cycles: while institutional funds are withdrawing, long-term holders and whale accounts continue to accumulate holdings—a pattern of capital reallocation commonly seen in previous market bottoms.On-chain data shows that although the spot premium remains negative—indicating that on-exchange buying pressure is not strong—large wallets continue to accumulate Bitcoin. The market is currently in a structural phase characterized by “institutional deleveraging and accumulation by long-term capital.” (CoinDesk)