Analysis: Whales Scoop Up 270K BTC as ETF Outflows Hit Record, Bitcoin Shows Structural Divergence Signal

CoinFeed July 5 news, according to CoinDesk report, amid continued outflows of institutional funds in the U.S., Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, sharply contrasting with record outflows from U.S. spot Bitcoin ETFs. Analysis points out that this phased divergence has historical cycle characteristics: while institutional funds withdraw, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structure often seen at cycle bottoms. On-chain data shows that although the spot premium remains negative, indicating that on-market buying is not strong, large wallets continue to increase their Bitcoin holdings, and the market is currently in a structural phase of 'institutional deleveraging and long-term capital accumulation'.