The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid growing institutional interest in digital assets, CryptoQuant data has identified a sudden spike in the Bitcoin Spot Average Order Size near the $64,000 mark. According to reports, this metric suggests that large-scale investors, commonly referred to as "whales," are actively accumulating Bitcoin during its recent price pullback. This trend indicates that high-net-worth buyers view the current support levels as a strategic entry point following a period of market selling.
This accumulation occurs as the broader crypto market shows mixed signals, with Bitcoin (BTC) trading at $64,912 as of the June 18, 2026 close, while Ethereum (ETH) held near $3,520 per market data. Search data indicates that compared to the previous quarter, the influence of spot ETFs has significantly bolstered market depth, reinforcing the $64,000 zone as a critical floor for institutional participants looking to capitalize on price corrections.
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Sign InMoving forward, market participants are focused on whether Bitcoin can maintain its footing above current levels, with BTC priced at $64,912 (close June 18, 2026). Upcoming catalysts include US consumer sentiment data and inflation expectations, which could dictate broader risk appetite. Traders should watch for any shifts in macroeconomic sentiment that might impact the sustainability of this whale-driven support.
Update: CryptoQuant CEO Ki Young Ju warned that multiyear stagnation represents a greater threat to Bitcoin than sudden price crashes. Ju believes that market boredom can ultimately kill investor faith and completely paralyze the inflow of fresh capital into the ecosystem.
Update: Additional data from Santiment confirms this trend, revealing that wallets holding 1,000 BTC or more now control 35.82% of the total circulating supply. This concentration of ownership further underscores the significant influence whales exert over market direction at current support levels.
Update: Alongside whale activity, CryptoQuant data highlights a major shift in network usage, with microtransactions (under 0.01 BTC) now accounting for approximately 80% of daily activity. This surge from 44% in 2023 underscores a significant rise in retail participation and the growing use of the network for smaller-scale transfers.