Bitcoin (BTC) slipped 5.5% over the past week, dropping from $110K to $103K, as rising tensions between Israel and Iran triggered a risk-off sentiment in global markets.
Yet, on-chain data reveals a surge in institutional interest — as big players continue to accumulate Bitcoin and altcoins during the dip.
🔍 According to Lookonchain:
Bitcoin ETFs saw a net inflow of 12,662 BTC worth $1.35B
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack with 10,337 BTC ($1.1B)
Meanwhile, Ethereum ETFs recorded 191,057 ETH inflows valued at $501.72M, primarily driven by iShares.
💼 Big corporate moves:
MicroStrategy (MSTR) bought 10,100 BTC worth $1.05B on June 16
Metaplanet added 1,112 BTC worth $116.5M
In Ethereum markets:
SharpLink acquired 176,271 ETH worth $462.95M
A major whale grabbed 67,408 ETH worth $136M
📊 Stablecoins are also booming, with supply growing by $1.27B, led by Tron and Ethereum based assets.
Despite global uncertainty, these aggressive institutional buys show a long-term belief in crypto as a hedge — even when the world is on edge.
💭 Is this a sign the smart money knows something the public doesn’t?
⚠️ Disclaimer: Not Financial Advice (NFA). Always Do Your Own Research (DYOR).