[Whales Accumulate, Institutions Retreat: 270,000 BTC Inflows in Two Weeks Reveal Potential Cycle Bottom Characteristics] Odaily Planet Daily News - Amid the continued outflow of U.S. institutional funds, Bitcoin whales have accumulated over 270,000 BTC (approximately $16.7 billion) in the past two weeks, forming a stark contrast with the record-breaking outflows from U.S. spot Bitcoin ETFs. Analysts point out that this phase of divergence exhibits historical cycle characteristics: as institutional funds retreat, long-term holders and whale accounts continue to accumulate, resembling the typical fund redistribution structure seen in previous cycle bottom regions. On-chain data shows that although spot premiums remain negative, indicating weak buying activity within the market, large wallets are still consistently increasing their Bitcoin holdings. The market is currently in a structural phase of 'institutional deleveraging and long-term capital accumulation.' (CoinDesk)