During last week's decline, Bitcoin whales increased their holdings by 71,000 Bitcoins

According to IntoTheBlock data, Bitcoin whale addresses increased their holdings by 71,000 Bitcoins when the price retreated to $54,200 on July 5th, worth approximately $4.3 billion. In addition, CryptoQuant data shows that Bitcoin whales are currently accumulating Bitcoins at the fastest rate (calculated based on a 30-day moving average), which is the fastest since the Silicon Valley Bank collapse crisis in April 2023.