Hupzy (Spot On Chain)|6月 01, 2026 06:43
📈 Two newly created wallets withdrew 984 BTC (~$72M) from BitGo, signaling fresh whale accumulation. Explorer: https://intel.arkm.com/explorer/address/bc1qnlg6qzhlek7z7pjuxq4awr5ht83pmvzvwr0u049jk7yc9hxpfxss6a90am
**Hupzy take:** Large-scale BTC withdrawals from custodians like BitGo to fresh wallets typically indicate institutional or whale accumulation for long-term holding. This $72M move reduces immediate exchange supply and adds a structural bid under the market. Watch for follow-on flows — if this is part of a broader accumulation wave, it could counterbalance recent ETF outflow pressure.
--source: https://x.com/lookonchain/status/2061335099820626145
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