Resilience defines Bitcoin holders as they continue to accumulate amid market uncertainty. Fresh data shows a staggering $220 million in net outflows from exchanges in just 24 hours, with weekly outflows reaching $424 million. Crypto isn’t going back to exchanges. It’s going to wallets. Cold storage. Diamond hands holding tight while the Fear and Greed Index plummets from 25 to 21 – firmly in “extreme fear” territory. This accumulation behavior reflects Bitcoin’s historical resilience and growth since its inception in 2009.
Binance, Bybit, and Bitflyer led the exodus, with 1327.66 BTC vanishing from exchange reserves in 48 hours. Only Kraken bucked the trend with increased inflows. Go figure.
The big players aren’t sitting idle either. One Bitcoin whale just casually added $200 million to their position after withdrawing from Binance. Another long-dormant whale awakened after eight years to move 3000 BTC worth $250 million. They’ve been sleeping since Bitcoin was worth peanuts. The whales’ continued confidence reminds us of the first Bitcoin transaction that occurred between Satoshi Nakamoto and Hal Finney in early 2009.
BlackRock’s not missing out, adding 4,054 BTC to their holdings, while an Ethereum whale scooped up 7,074 ETH worth $13.8 million. This institutional confidence stands in stark contrast to the retail trader hesitation visible in market metrics.
Bitcoin ETFs keep attracting capital – $744.4 million in net inflows last week. BlackRock‘s iShares Bitcoin Trust led the charge, with Fidelity’s Wise Origin securing second place at $136.5 million. Meanwhile, Ethereum ETFs went the opposite direction with $102 million in outflows. Tough break.
Institutional adoption continues its marathon run. U.S. spot Bitcoin ETFs launched in January have pulled in $34.6 billion in net flows this year, pushing total Bitcoin ETF assets to $101.8 billion – nearly catching up to gold ETF assets at $124.2 billion.
Bitcoin’s current trading range of $86,200-$88,000 sits below its recent all-time high above $100,000. Some analysts are predicting $350,000 by 2025. Others warn of drops below $20,000. The MVRV ratio suggests a correction from highs, showing 80% correlation with 2017 patterns.
But with Trump’s crypto-friendly policies and 294 pro-crypto candidates now in Congress, regulation might finally give Bitcoin room to breathe.
