ARK Invest: BTC decline deviates from giant whale fundraising, market shows cyclical bottom signal Odaily Planet Daily News: ARK Invest released the Q2 2026 report "The Bitcoin Quarterly", which pointed out that Bitcoin fell about 14% in the second quarter, closing at around $58544 and falling below three major technical moving averages. This technical pattern is usually associated with bearish market conditions in historical cycles. The report shows that despite price pressure, long-term holders of Bitcoin continue to increase their holdings, with their holdings reaching a historical high of approximately 14.85 million BTC, absorbing chips released during the market correction. ARK Invest stated that on chain data is releasing signals of seller fatigue: the supply of BTC, which is in a loss making state, exceeds the supply of profitable BTC, and at one point, the loss rate exceeds the profit rate. Similar phenomena have historically been concentrated near the bottom of market cycles. The report also points out that institutional demand in the Bitcoin market is facing pressure. Both the Treasury Company and ETF ecosystems are showing signs of weakness: the price of STRC preferred stock fell to around $74.57 at one point, below its face value of $100; The US spot Bitcoin ETF has experienced fund outflows for 7 consecutive weeks, with a cumulative outflow of approximately 70000 BTC. ARK Invest believes that the outflow of ETF funds indicates a weakening of significant marginal buying in Bitcoin, but the continued accumulation of long-term holders suggests a redistribution of chips within the market. The institution stated that there is a clear divergence between the current BTC price performance and the behavior of long-term holders, and historical data shows that such divergence can often become an important observation signal for market cycle turning points.