Near $65K, Bitcoin’s 2 year social media drop off is hiding a $4.3 billion whale exit and a new class of buyers
Crypto social chatter has dropped to its second-lowest daily level since October 2024 while Bitcoin trades near $64.6K, a quiet setup that can precede a move if demand returns. At the same time, holders with 100–1,000 BTC sold about 67,000 BTC on July 13, the heaviest distribution since February, while newer whale wallets kept accumulating. Spot Bitcoin ETF flows have been inconsistent: a positive week of roughly $197M in inflows flipped to about $425M in outflows on July 13, and 30-day ETF flows remain negative. Institutional demand is improving but still too small to fully absorb whale selling. Bitcoin remains below key recovery levels around $72.2K and $76.6K, with long-term holders still realizing heavy losses, suggesting capitulation may not be finished. Macro conditions are mixed: softer CPI and a steady Fed support risk assets, but higher oil risk, cautious sentiment, and restrictive real yields still weigh on Bitcoin.
