Analytics company IntoTheBlock has issued a warning, stating that wealthy investors in Bitcoin are showing signs of exhaustion. According to IntoTheBlock, Bitcoin whales have consistently taken advantage of opportunities to buy BTC whenever the cryptocurrency experiences a pullback since March of this year. However, the firm cautions that wallets holding over 1,000 BTC are now displaying a lack of interest in buying the dip, as Bitcoin struggles to maintain its bullish momentum above $60,000. The netflow of large holders, which measures the inflow and outflow of Bitcoin in whale wallets, has dropped significantly since its substantial spike in March. IntoTheBlock questions whether this decrease in accumulation indicates a dwindling appetite among whales to buy the dip. Despite this, Bitcoin’s current value stands at $62,671, reflecting a 1.31% decrease in the last 24 hours.

In addition, IntoTheBlock is closely monitoring the activities of investors in Chainlink, a decentralized oracle cryptocurrency project. Despite recent bearish price action, the analytics company notes that market participants are accumulating LINK. Over the past month, there has been a negative net flow from exchanges for LINK, indicating accumulation. During this period, the total net outflow of LINK amounted to nearly 3.6 million. As of now, LINK is valued at $14, reflecting a decline of more than 3.6% in the day.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in Bitcoin, cryptocurrencies, or digital assets.