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$3.3B in Bitcoin Flows Into Long-Term HODL Wallets — Whale Accumulation Nears Record Levels
- A surge in whale accumulation of Bitcoin occurred on June 11, near all-time high price levels.
- Institutional and high-net-worth investors are strategically entering the market as indicated by large inflows into long-term HODL wallets.
- On June 11, accumulation addresses witnessed one of the largest daily inflow spikes in months with Bitcoin price at $110,427.
- This aggressive accumulation event since early 2024 reflects confidence among long-term holders despite recent market volatility.
- Heavy inflows into non-spending wallets by whales typically signal strong conviction and might precede bullish reversals or uptrends.
- CryptoQuant's data indicates the inflows coincided with Bitcoin rebounding from a recent correction, suggesting a positive view on current price levels.
- Over $3 billion worth of BTC moved into long-term storage within 24 hours, potentially tightening supply and setting the stage for upward price momentum.
- The market might be entering a phase of supply tightening, with whales accumulating Bitcoin, hinting at a possible future price increase.
- All eyes are on whether this accumulation signifies a deeper institutional move or a defensive play amid geopolitical uncertainty.
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