Bitcoin whale accumulation returns as spot ETFs pull in $526.7M
- —Whales holding 1,000–10,000 BTC accumulated 5,230 BTC over 60 days after selling 62,600 BTC
- —Binance USDT reserves rose from about $790 million to $1.76 billion
- —U.S. spot Bitcoin ETFs took in $526.7 million on October 19, the most since September 22
- —IBIT attracted $665.2 million; FBTC lost $83.6 million and GBTC $54.9 million
Why it matters: Whale buying and ETF inflows offer support, but weak spot demand and a negative Coinbase Premium keep a sustained reversal unconfirmed.
Source: Coinpedia