Bitcoin whales benefited from the recent price drop, amassing an impressive 20,600 BTC, valued at approximately $1.38 billion, in just 24 hours. This is the largest one-day purchase by investors since late February.

As Bitcoin's value has fallen from a peak of $71,650 to around $69,000, whale accounts have seen an influx of between 1,300 and 2,200 BTC daily. The surge in acquisitions coincided with a correction in Bitcoin's price on June 11, following a brief rally in response to favorable US economic data. At press time, Bitcoin is trading around $67,600, reflecting cautious market sentiment.

Data from CryptoQuant highlights that this recent accumulation is the largest since the inception of Bitcoin spot ETFs, indicating strong confidence among large holders despite near-term market volatility.

At the same time, Bitcoin's presence on cryptocurrency exchanges has decreased, reaching its lowest level since December 2021. This trend generally indicates a bullish outlook among investors expecting potential price increases in the medium to long term. Currently, foreign exchange reserves stand at 942,000 BTC.

Moreover, the Ethereum market is also showing significant activity, with whales buying more than 240,000 ETH worth almost $840 million. Unlike Bitcoin, Ethereum's currency reserves have increased slightly to approximately 17.98 million ETH.

Despite the current economic downturn, with Bitcoin remaining 8.45% below its all-time high and Ethereum down 8% since early June, aggressive whale acquisition strategies suggest a potential trend reversal could be on the way.

As the cryptocurrency landscape continues to evolve, the actions of these major investors will remain a critical point of focus for market analysts and participants alike, offering insight into future market directions and investor sentiment.