Bitcoin whales and sharks, who own between 10 BTC and 10,000 BTC, have purchased around $2.14 billion worth of the cryptocurrency since June 17, despite its flat trading between $30,000 and $31,000. These investors now own 13.02 million BTC, worth over $391 billion.
This accumulation spree comes as several major financial institutions, including BlackRock, Invesco, WisdomTree, and Fidelity Digital Assets, have filed to launch BTC ETFs in the US, indicating confidence in the cryptocurrency's long-term potential. Additionally, long-term holders have been active in the market, with those who have been part of the ecosystem for at least the past 155 days currently owning almost 14.5 million BTC.
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