Bitcoin Whales Absorb Retail Panic-Sell as Market Remains Cautious

Bitcoin whales made history by posting record accumulation inflows over three days as retail panic-sold, according to CryptoQuant. The data shows that low leverage and Long Term Holder SOPR (Selling Price Over Realized Cost) are still below 1.

The inflows into Bitcoin accumulation addresses have been running at a pace in the top 1-3 of all recorded history over the past three days, with retail selling while whales absorbed it. This combination does not show up often at this scale.

According to CryptoQuant, the strongest Bitcoin accumulation in the asset's history is underway at the current price level. The money had to go somewhere, and it went into accumulation wallets.

The Open Interest stood at roughly $20.69 billion on June 27, up 1.22% from the prior session. This does not sound like overheated positioning, as the one-year context shows that this is a relatively low number.

CryptoQuant described the setup as cautious position rebuilding rather than leverage overheating. The market is not running hot on borrowed confidence right now. Long-term holders are moving coins at an average loss, indicating defensive behavior.