Bitcoin · CryptoSlate
Near $65K, Bitcoin’s 2 year social media drop off is hiding a $4.3 billion whale exit and a new class of buyers
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Crypto discussion across X, Reddit, Telegram, and other major social channels has fallen to its second-lowest daily level since October 2024, according to Santiment.
Key facts
- If new-whale accumulation persists, distribution from the 100-to-1,000 BTC cohort cools, and ETF flows turn positive for several consecutive weeks, Bitcoin has a path toward reclaiming both
- Farside Investors' data shows US-traded spot Bitcoin ETFs pulled in about $197.4 million over the July 6-10 week, a positive stretch that reversed hard on July 13, with roughly $424.7 million in net
- Bitcoin holds near $64,609 through that same stretch, with an intraday high of $64,832 and a low of $61,823 in recent sessions
- Measured against the $4.3 billion the 100-to-1,000 BTC cohort moved in a single day, that week's entire ETF inflow was roughly 22 times smaller
Summary
01 Bitcoin rebounded near $64,609 as crypto discussion on X, Reddit, Telegram, and elsewhere fell to its second-lowest daily level since October 2024. 02 Lower retail attention can let larger buyers accumulate, while ETF inflows and whale buying may support price. 03 Older whales sold 67,000 BTC in one day, so Bitcoin's next move depends on whether new buyers absorb that supply. Bitcoin holds near $64,609 through that same stretch, with an intraday high of $64,832 and a low of $61,823 in recent sessions.