Whales Bought 66,700 $BTC In 60 Days. Price Barely Moved. BTC still sits around $64.9K. Someone is selling into all that demand. Today's market is split between whales, mid-sized wallets, miners and ETF flows. The question is who breaks first? Spot $BTC ETFs posted a second green week: +$75.7M, after +$197.4M the week before. Still, YTD flows sit near -$5.4B. $ETH ETFs added +$105M from July 13-17, their best week since April. A rebound, yes. Enough to erase 2026 outflows? not even close. Miner stress is hitting rare 2026 levels: - 1 in 5 miners operate below cost - difficulty fell 10.09% to 124.93T - SBI Crypto closes its pool July 31, sending 20.9 EH/s elsewhere Hashpower is moving into AI/HPC. this is becoming a migration. The wallet split says a lot: 1K-10K $BTC wallets: +66,700 BTC in 60 days 100-1K BTC wallets: -77,800 BTC A dormant address also moved 5,907 BTC after 8.5 years - none went to an exchange. Big whales accumulate while the layer below distributes. Then Strategy sold 3,588 BTC for $216M - its biggest liquidation ever. It still holds 843,775 BTC at a $75,476 average. When whales buy, mid-sized wallets sell and the biggest corporate holder trims, flat price starts making a lot more sense. $BTC sits near $64.9K. The line to watch is the 200-week MA around $63.1K. June delivered the first weekly close below it in 4 years. Reclaim by month-end and long-term support survives. Fail, and $63.1K becomes the ceiling with $58K-$60K demand below. Altseason? not yet. $BTC dominance: 56.3% Altcoin Season Index: 57-58 Altseason threshold: 75 $ETH cleared $1,820, $XRP is squeezing below $1.12 and $SOL remains in correction near $77. Capital is rotating selectively, not flooding the whole market. Next risk: FOMC, July 28-29. CME FedWatch gives an 82% chance of a hold at 3.50%-3.75%. With the Fed blackout running through July 30 and forward guidance gone, the tone matters more than the decision. Price is flat. Positioning isn't. study the data.