Bitcoin Whales Complete Sell-Off as Price Bounces Back From Recent Lows

TL:DR:

• The Inflow Coin Days Destroyed (CDD) indicator decreased from 2.16 million to 33,000.
• More than 11,400 BTC, valued at approximately $700 million, were withdrawn to private wallets.
• The supply in addresses with at least 100 BTC resumed its upward trend after two weeks of declines.

After a long bearish period, the crypto market is showing signs of relief, as the price of Bitcoinreclaimed its $65,000 technical range, driven by the revival of whale accumulation levels.

This Monday, CryptoQuant reported that institutional holders and large wallets completed an extended distribution phase that had dominated market behavior over recent months.

Complete analysis https://t.co/mRc3jS3sA1

— CryptoQuant.com (@cryptoquant_com) June 15, 2026

Slowdown in Institutional Selling Pressure

The technical report from CryptoQuant details a structural shift in the movement metrics of older blocks. The Inflow Coin Days Destroyed (CDD) indicator, used to measure the volume of old coins entering exchange platforms, experienced a sharp contraction, dropping from 2.16 million to 33,000 points. Firm analysts suggest that this behavior reflects a halt in the transfer of vintage assets to exchanges for immediate liquidation.

The most intense phase of this distribution was concentrated during the first week of June 2026. During that period, the asset experienced a pullback from the $71,300 zone to an intermediate support of $63,800. Flows of tokens with years of inactivity boosted available balances on trading platforms, increasing liquid supply in the spot market.

Supply Absorption in Discount Zones

The direction of capital flows reversed after the price of the pioneer cryptocurrency touched a local low near $61,400. The asset’s cheaper valuation incentivized the entry of high-volume buy orders, mitigating the risk of a deeper price drop.

Block tracker data indicates that more than 11,400 BTC, with an estimated value of $700 million, were withdrawn from exchanges to cold storage or private custody wallets within a few days. This behavior coincides with the reversal seen in US spot Bitcoin exchange-traded funds (ETFs), which recorded positive net inflows during their last trading session.

By the close of June 14, 2026, the cumulative supply in addresses controlling a minimum balance of 100 BTC halted its fourteen-day losing streak and began to show a positive slope. This shift in holding dynamics coincided with the price rebound toward $65,700. CryptoQuant metrics suggest that the reduction in total exchange balances could act as a catalyst to diminish available liquidity and support the continuation of the recovery movement.