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Bitcoin Whales Accumulate 3.03 Million BTC as ETFs Bleed $744 Million

Original: Bitcoin Whales Accumulate 3.03 Million BTC as ETFs Shed $744 Million Ahead of Inflation Report Large Bitcoin holders are

Large Bitcoin holders are adding to their positions at the fastest pace since February, accumulating around 3.03 million BTC, while US spot Bitcoin ETFs have seen roughly $744 million in net outflows. The split between whales and funds comes as investors await Wednesday's US inflation data, which could set the direction for risk assets.

Why now: Traders are positioning around Wednesday's US inflation report, which could move Bitcoin sharply.

BitcoinUS spot Bitcoin ETFs

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Evidence

• Bitcoin Whales Accumulate 3.03 Million BTC as ETFs Shed $744 Million Ahead of Inflation Report Large Bitcoin holders are rebuilding positions at their fastest pace since February, even as US spot ETFs face $744 million in net withdrawals before Wednesday's inflation data.… · newisty

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