Whale Transactions Over the Past Week Revealed: They Sold Bitcoin (BTC) and Ethereum (ETH), and Bought These Four Altcoins!

The leading cryptocurrency, Bitcoin ($BTC), is facing both Middle East risks and the burden of excessive long positions on the first trading day of June.

This pushed the price below $73,000, and Coinshares released its cryptocurrency report for the week, stating that there was a $1.67 billion outflow last week.

“There was a $1.67 billion outflow from cryptocurrency investment products. This was the third consecutive negative week and the second largest weekly outflow of 2026 after January 23rd.”

The Biggest Outbreak Was Seen Again in Bitcoin!

Looking at crypto funds individually, outflows are concentrated in Bitcoin. $BTC experienced outflows of $1.43 billion, while the largest altcoin, Ethereum (ETH), saw outflows of $257.3 million.

Looking at other altcoins, a mixed picture emerges. Accordingly, $XRP saw inflows of $20.3 million, Hyperliquid (HYPE) $10.8 million, Near (NEAR) $7.6 million, and Chainlink (LINK) $0.7 million, while Solana (SOL) experienced outflows of $0.8 million and Sui (SUI) $1.4 million.

“There was a $1.438 million outflow of Bitcoin. This was the largest weekly Bitcoin outflow of 2026, surpassing both last week’s record and the peak reached in January.”

Ethereum saw outflows of $257 million, while altcoin inflows plummeted.

Last week, nine assets recorded significant inflows exceeding $1 million, while this week only five assets have seen inflows above $1 million.

According to the data, $XRP with $20.3 million, Hyperliquid with $10.8 million, and Near with $7.6 million were the only notable inflows.

Looking at regional fund inflows and outflows, the US ranked first with an outflow of $1.63 billion.

After the US, Germany ranked second with outflows of $25.7 million, while Sweden came in third with outflows of $6.6 million.

*This is not investment advice.