Bitcoin ETFs added 12,662 BTC ($1.35B) while Ethereum ETFs gained 191,057 ETH, led by BlackRock inflows.
Whales and firms like MicroStrategy and SharpLink accumulated large amounts of BTC and ETH despite price dips.
Tron gained $1.38B in stablecoins while Base and Avalanche saw sharp spikes in transaction activity.
Bitcoin declined 5.5% last week, falling from $110,000 to below $106,000 after escalating geopolitical tensions between Israel and Iran sparked a “risk-off” mood in the markets.
Despite the price dip, on-chain data reveals a powerful counter-narrative. While headline prices dipped, institutional and corporate demand for Bitcoin and altcoins remained exceptionally strong, signaling high conviction from the market’s largest players.
Institutional ETF Inflows Continue Unabated
Data from Lookonchain shows that spot Bitcoin ETFs saw another massive week of inflows. Ten Bitcoin ETFs added a combined 12,662 BTC worth $1.35 billion. BlackRock’s iShares Bitcoin Trust led with 10,337 BTC ($1.1B) added. Ethereum ETFs also saw inflows of 191,057 ETH ($501.72M). Again, iShares dominated with 138,016 ET…
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