On June 11, as Bitcoin's market value declined, wealthy investors known as "Bitcoin whales" capitalized by purchasing 20,600 Bitcoins, amounting to about $1.38 billion. This surge in whale accumulation marks the highest since February 28, when Bitcoin was nearing its peak and Bitcoin-focused exchange-traded funds (ETFs) were gaining traction.

The buying spree coincided with daily Bitcoin inflows into whale accounts ranging from 1,300 to 2,200, following Bitcoin's drop from its June 7 high of $71,650 to around $69,000. The subsequent dip resulted in a significant single-day inflow of 20,600 Bitcoins into whale accounts on June 11. Currently, Bitcoin is trading at approximately $67,500.

Interestingly, this substantial increase in whale activity aligns with a notable decrease in Bitcoin supply on cryptocurrency exchanges, now at approximately 942,000 Bitcoins, the lowest since December 22, 2021. This trend typically suggests an optimistic market outlook where investors anticipate positive price movements in the medium to long term.

However, Bitcoin's current price remains 8.45% below its all-time high of $73,737 recorded on March 13, as confirmed by CoinGecko.

Meanwhile, Ethereum whales have also been active in purchasing assets. According to analyst Ali Martinez's analysis of Santiment data, Ethereum whales recently accumulated over 240,000 Ether coins, valued at around $840 million.

In contrast to Bitcoin, the supply of Ether on exchanges has increased recently, with exchanges holding approximately 17.98 million Ether coins, valued at $63.1 billion.

Presently, Ether's price has decreased from $3,815 on June 7 to $3,510, marking a decline of about 8%.