Market snapshot: U.S. spot crypto ETFs posted strong inflows in May, yet June opened with notable net outflows for BTC and ETH funds. At the same time, on‑chain data shows large wallets and whales accumulating ETH and concentrating supply. The result: a clear ETF — whale divergence — institutional products pulling liquidity while smart money buys. Watch ETF flow cadence vs exchange reserves; that spread will steer short‑term volatility. Source: CoinDesk 📉🐋🔍
June 5, 2026 349
