The largest holders of Bitcoin, known as "whales," made a killing off of the significant drop in price on June 11, accumulating 20,600 BTC, or $1.38 billion.



The blockchain analytics firm CryptoQuant reports that today was the largest day of inflows for Bitcoin whales since February 28, 2024.



Large Bitcoin holders saw daily inflows of 1,300 to 2,200 BTC as the price of Bitcoin dropped from $71,650 to approximately $69,000 in early June. The asset's value fell precipitously once more on June 11. The addresses of Bitcoin whales were subsequently credited with 20,600 coins.

Following that, data from analytics platform Santiment shows that the supply of Bitcoin on cryptocurrency exchanges hit a new low of 942,000, the lowest level since December 22, 2021.