$BTC Institutional investors are heavily accumulating Bitcoin ahead of the potential Ethereum ETF approval decision this week. Key stats include¹ ²:
- *Massive Accumulation*: Addresses holding over 1,000 BTC have increased by 15% in June, signaling strong whale buying activity.
- *BTC History*: Before the Bitcoin ETF approval in January, BTC surged 60% in three months.
- *ETH vs BTC*: Ethereum is currently less overbought than Bitcoin, potentially setting up ETH for a stronger surge post-ETF approval.
*Action Plan:*
- *HODLers*: Hold steady.
- *Traders*: Prepare for extreme volatility.
- *New Investors*: Avoid FOMO, consider dollar-cost averaging.
The market awaits the Ethereum ETF decision, which could significantly impact prices. Will BTC break its all-time high this week?