Whale BTC Deposits Surge as Bitcoin’s June Decline Deepens
Bitcoin whale deposits on Binance surged to 8,200 BTC on June 2nd, marking the highest inflow since February, while monthly average whale inflows doubled to over 2,800 BTC. Despite institutional accumulation by MicroStrategy and ETFs totaling 1.24 million BTC since March 2024, Bitcoin's price remains under downward pressure, suggesting a disconnect between whale buying activity and market momentum.