Whale Transactions Over the Past Week Revealed: They Sold Bitcoin (BTC) and Ethereum (ETH), and Bought These Four Altcoins!

The leading cryptocurrency, Bitcoin (BTC), is facing both Middle East risks and the burden of excessive long positions on the first trading day of June.

This pushed the price below $73,000, and Coinshares released its cryptocurrency report for the week, stating that there was a $1.67 billion outflow last week.

The Biggest Outbreak Was Seen Again in Bitcoin!

Looking at crypto funds individually, outflows are concentrated in Bitcoin. BTC experienced outflows of $1.43 billion, while the largest altcoin, Ethereum (ETH), saw outflows of $257.3 million.

Looking at other altcoins, a mixed picture emerges. Accordingly, XRP saw inflows of $20.3 million, Hyperliquid (HYPE) $10.8 million, Near (NEAR) $7.6 million, and Chainlink (LINK) $0.7 million, while Solana (SOL) experienced outflows of $0.8 million and Sui (SUI) $1.4 million.

Looking at regional fund inflows and outflows, the US ranked first with an outflow of $1.63 billion.

After the US, Germany ranked second with outflows of $25.7 million, while Sweden came in third with outflows of $6.6 million.

*This is not investment advice.

Continue Reading: Whale Transactions Over the Past Week Revealed: They Sold Bitcoin (BTC) and Ethereum (ETH), and Bought These Four Altcoins!