Bitcoin Dips on West Asia Tensions, But Whales Keep Buying
The post Bitcoin Dips on West Asia Tensions, But Whales Keep Buying appeared on BitcoinEthereumNews.com.
Over 30,754 BTC worth $3.3B have flowed into accumulation wallets, signaling long-term bullish conviction. Bitcoin slumped to $103K after Israeli airstrikes on Iran, but spot holders continued stacking aggressively. Over 3.77M BTC have left exchanges in five years, reducing sell pressure and setting the stage for future rallies. Bitcoin’s price experienced a sharp drop in the past 24 hours, briefly dipping to $103,162 after Israel launched targeted airstrikes on Iran’s nuclear and ballistic missile facilities. The escalating conflict triggered a classic “risk-off” move across global markets, with investors seeking safety in traditional assets like gold and oil. However, unlike previous risk-off episodes, Bitcoin’s underlying fundamentals showed renewed strength beneath the surface. Prime Minister Netanyahu:“Moments ago, Israel launched Operation Rising Lion, a targeted military operation to roll back the Iranian threat to Israel’s very survival. This operation will continue for as many days as it takes to remove this threat.” pic.twitter.com/3c8oF1GCYa — Prime Minister of Israel (@IsraeliPM) June 13, 2025 On-Chain Data Reveals Massive Bitcoin Accumulation According to on-chain analytics from CryptoQuant and Alphractal, accumulation wallets have absorbed more than 30,754 BTC (valued at $3.3 billion) in recent days. These wallets, many of which have an average buy-in price of $64,000, continued stacking aggressively even above $109,000, suggesting investors’ confidence. Currently, more than 2.91 million BTC are parked in these accumulation addresses, with over 881,000 BTC added in the past 30 days alone, a figure confirmed by CryptoQuant CEO Ki Young Ju. This disciplined buying comes amid increased geopolitical tensions and a decline in the Fear & Greed Index to 54, reflecting a market shift from euphoria to caution. Yet accumulation behavior remains largely unchanged. Related: Bitcoin ($BTC) Price Prediction for June 14, 2025: Bulls Lose $106K as Key Trendline Fails Amid Wider Selloff Bitcoin Continues Its Exodus from Exchanges Adding…
Filed under: News - @ June 13, 2025 10:28 pm