The post Bitcoin News Today: Whales Buy 600K BTC – June Rally Ahead? appeared first on Coinpedia Fintech News
The Bitcoin price has fluctuated by only 0.66% intraday and has hardly moved beyond the 20-day EMA band. While the current intraday price action may seem dull, the real excitement lies in the activities of crypto whales operating in the shadows.
In the past 24 hours, the whale alert’s official X account has posted 10 different BTC transfers by 12:16 PM UTC on June 5th. Among them, 8 posts indicate that nearly 12,907 BTC, amounting to $1.3 billion, was transferred to wallets from exchanges.
Moreover, the data from Santiment highlighted that over the past week, the whales have added 79,244 BTC, which amounts to over $8.3 billion. The whale activity in early June is hinting that a market resurgence in June seems more likely than ever.
The whales are getting active was confirmed by Cryptoquant’s analysis, too, which says a fresh cohort of Bitcoin whales, with an average coin age under six months, has been stacking at a record pace.
Keep reading to know more, as whale activity is set to send the Bitcoin price higher in June.
Will June Bitcoin Price Rally Be Triggered By New Money In The Market?
A recent CryptoQuant analysis highlighted that supply held by new whales has advanced, and these are the fresh cohort that’s buying it.
Also Read : Top Reasons Why Ethereum Price Rally is on the Cards ,
The data highlights that the new whale’s supply share has jumped from 2.5% to 5.6%, which means holding has doubled from 500K BTC to 1.1 million BTC that the new cohort holds. This increase of 600K BTC is worth $63 billion.
The increase clearly shows that positions have been built recently, assuming around Q2 of 2025, and this is the new money. This increase in supply share indicates that newly minted BTC crypto’s are getting absorbed rapidly, which is tightening the float.
Therefore, clearing the all-time high is more in demand than ever, once pierced, then $134K is the number for June 2025. But if it falls, then $95K is the level, BTC price could take as support.
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