Important News from Last Night to This Morning (July 5 - July 6)

Analysis: Amid Record ETF Outflows, Whales Sweep Up 270,000 BTC, Bitcoin Shows Structural Divergence Signal. Against the backdrop of continuous outflows from U.S. institutional funds, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, forming a clear divergence with the record outflows from U.S. spot Bitcoin ETFs. Analysis points out that this staged divergence has historical cyclical characteristics: while institutional funds are withdrawing, long-term holders and whale accounts continue to accumulate, similar to the capital redistribution structure commonly seen at the bottom of previous cycles. On-chain data shows that despite the spot premium remaining 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'. South Korea Plans to Establish Future Fund with Chip Industry Tax Dividends; Kang Hoon-sik, Chief of Staff to the President, said on Sunday that the government plans