Semler Scientific and Cardone Capital deepen Bitcoin strategies as institutions accelerate accumulation amid declining retail interest.
Large Bitcoin wallets rise while small holders exit, reflecting a shift in market control toward high-volume institutional investors.
Ethereum faces OTC supply crunch as institutions quietly stockpile ahead of ETFs, possibly triggering a strong altcoin resurgence.
Semler Scientific, a Nasdaq-listed firm, appointed Joe Burnett as Director of Bitcoin Strategy. The company also outlined an aggressive Bitcoin roadmap, aiming to hold 10,000 BTC by end-2025, 42,000 by 2026, and 105,000 by 2027. It plans to use equity, debt financing, and operational cash flow to achieve this.
Besides Semler’s strategy, Cardone Capital also made headlines. The $5 billion fund acquired 150 BTC worth $15.6 million, expanding its Bitcoin exposure. These developments point to growing institutional interest in Bitcoin as a treasury reserve. Institutions are signaling strong conviction, even as retail investors hesitate.
Large Wallets Gain Strength as Small Holders Exit
According to Santiment, a notable divergence in wallet activity has emerged. Wallets holding 10 or more BTC rose by 231 in just 10 days. This marks a 0.15% increase in large wallets, now totaling over 152,120. Conversely, smaller wallets between 0.001 and 10 BTC dropped by 37,465. That’s a 0.16% decrease, shrinking total small wallet holders to around 23.77 million.
Source: Santiment
Moreover, as per santiment, on June 19, BTC fluctuated between $103,988 and $104,885. However, the price closed at $104,292, reflecting relative stability above $100K. Throughout May and early June, large wallets accumulated during Bitcoin’s sharp price surge. Meanwhile, retail wallets steadily declined, signaling profit-taking behavior.
Ethereum Accumulation Signals Broader Institutional Strategy
Derek, an on-chain analyst, highlighted Ethereum’s current institutional interest. He noted ETH is being scooped up aggressively, especially in OTC markets. Consequently, OTC ETH reserves are nearing depletion. This may lead to supply constraints if accumulation continues. Institutions seem to understand Ethereum’s long-term value ahead of the ETF wave.
Additionally, Ethereum’s scarcity may trigger a broader altcoin rally. As ETH becomes harder to obtain, capital may rotate into high-potential alternatives. This could signal a major counterattack from the altcoin market, riding on institutional flows and reduced retail activity.
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