Nobody buying Bitcoin around $60K? NO NO NO! Check out the chart below—super whales , whales , and long-term Bitcoin holders have been accumulating and scooping up BTC around the $60K level. The Bitcoin market isn’t just made up of ETF institutions, MicroStrategy, Grayscale, BlackRock, etc. There are also hidden super whales and whales playing a big role. Over the past two months, ETF institutions have been consistently net sellers, but other whales have been stepping in to take over. Around $60K, new and old players exchanged BTC holdings, which explains why the price couldn’t drop further when it hit $58K and instead started a rebound. But with such a big divergence between ETF institutions and whales, it’s unlikely that $60K is the bottom of this bear market. Do you really think ETF institutions can’t see this? Are they just a bunch of fools dumping Bitcoin around $60K? When Bitcoin drops to $45K–$50K, ETF institutions will definitely buy back in by the end of the year. Only when ETF money flows back into the market will the bear market truly end. After all, ETF institutions are the backbone of the Bitcoin market—they can’t be underestimated or ignored.