Key facts: Bitcoin mild inflows, weaker whales, large holdings

[kim]

Since late February BTCUSD saw mild net ETF inflows. Long-term holders are adding coins to the market. Perpetual swap open interest near yearly lows with negative funding; CME futures OI flat.
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Bhutan’s gov-linked wallet moved ~519.7 BTC (~$36.7m) to two addresses, one linked to QCP Capital. Prior March outflows: ~72m and ~$11.8–$12m. Remaining holdings: 4,453 BTC (~$315m).
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BTCUSD large transfers fell: daily on-chain transfers >$100k down to 6,417 and >$1M to 1,485, signaling reduced whale activity as traders await macro and policy clarity.
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On-chain data: unrealized losses among BTC holders are rising but below past capitulation levels; supply is stacked above current BTCUSD price and must be absorbed for a breakout from the range.
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Capriole Investment’s Bitcoin Macro Index fell to -1.37, a reading the firm associates with prior bear-cycle conditions for BTCUSD; the index value and its historical context were the facts reported.
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Forensic tracking linked a recovered wallet to a cluster tied to about 5,500 BTC (~$391M), connecting on-chain addresses and noting cross‑border cooperation in the investigation.
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Analyst gave BTCUSD key levels: likely bear-market bottom near $35,000, alternate low ~$42,000, possible local top about $79,000; BTC was trading near $71,200 at report time.
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CardoneCapital holds about $70M in Bitcoin and aims to reach 10,000 BTC by year-end, funding purchases with luxury rental income; Cardone says fair BTC value is near $280,000 vs ~ $70,000 now.
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Analyst ‘Doctor Profit’ holds a large short on BTCUSD around $115k–$125k, stays bearish, and may add shorts near $79k–$84k using up to 5x leverage.
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source: https://www.tradingview.com/news/tradingview:649a50a2e3588:0-key-facts-bitcoin-mild-inflows-weaker-whales-large-holdings/