Whales buy $60K dip, move 11,422 BTC to cold storage
Whales bought the $60k dip: 11,422 BTC pulled from exchanges in 5 days
Bitcoin sits below $62,000. On-chain shows whales absorbed panic at $60k and swept coins off exchanges.
Act 1 was the trigger. On June 2–3, long-dormant wallets sent heavy supply to exchanges. Inflow Coin Days Destroyed hit 2.16 million as coins held for long periods moved together. Price slid from $71,000 after the shock. Source: CryptoQuant / Woominkyu.
Act 2 flipped the tape. At the $60,000–$61,000 bottom, the Exchange Whale Ratio jumped to 61.6%. Large players dominated buy flows while retail sold into weakness. Sources: CryptoQuant, NewsBTC on retail behavior.
- Inflow Coin Days Destroyed peaked at 2.16 million on June 2–3
- Exchange Whale Ratio reached 61.6% at $60k–$61k
- 11,422 BTC, about $700 million, withdrawn in five days
Post-buying, whales moved coins to cold storage. Exchange Netflow turned deeply negative. Liquid supply thinned as absorbed coins left venues. Source: CryptoQuant.
Price action stays heavy. Spot trades near $61,400. The chart shows a clean break below the $64,000–$66,000 band that held in February–March. The bounce off $60k is modest despite high sell volume. Bitcoin sits below the 50, 100 and 200-day MAs, all sloping down.
Focus stays on the $60,000–$62,000 support. A hold can stabilize the tape. A decisive break risks a fresh volatility expansion lower.
