Bitcoin Whales Reverse 12-Day Supply Decline as Holdings Increase Above $67,000
By
Kevin Helms
4h ago· 3 min readenNews
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Summary
Bitcoin held above $67,000 as on-chain data revealed a reversal in whale (large holder) activity. After a 12-day decline in supply held by large wallets, whale holdings began increasing following absorption of selling pressure near $61,400. Additional indicators showed over 11,400 BTC leaving exchanges and a sharp decline in dormant-coin activity, suggesting a supply shock and bullish sentiment among major investors.
Key quotes
· 3 pulledBitcoin held above $67,000 as on-chain data showed large holders reversing a 12-day decline in supply.
Whale wallets increased holdings after absorbing selling near $61,400, while more than 11,400 BTC left exchanges and dormant-coin activity fell sharply.
The data covered activity from June 1 to June 14, when whale supply reversed while bitcoin recovered from recent lows.
Bitcoin held above $67,000 as on-chain data showed large holders reversing a 12-day decline in supply. Whale wallets increased holdings after absorbing
