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Bitcoin whales bought $16.7B in 2 weeks as U.S. ETFs saw record $4B outflows in June.

Market News
03 Jul 2026
Coindesk
View Source
Neutral
pluang ai news

In June, U.S. spot bitcoin ETFs experienced a record $4.06 billion in outflows, marking their worst month ever and pushing them into negative territory for 2026. Despite this, large bitcoin holders, known as whales, accumulated over 270,000 BTC worth $16.7 billion in just two weeks, a pattern often seen near market cycle lows when long-term holders buy from sellers. Solana stood out by gaining about 15% since early June, while some Ethereum Layer 2 tokens hit record lows amid changing technology dynamics. The upcoming U.S. inflation report is expected to influence Federal Reserve policies and could impact bitcoin's price direction going forward.

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