Whale deposits hit a 2015 high. BTC ETFs bleed week 5.

BTC whale exchange ratio hits 0.64, highest since 2015. ETFs post five straight weeks of outflows. "Bitcoin to zero" searches hit a U.S. record. Miner Bitdeer just sold every last sat.

Today's key developments:
• CryptoQuant's exchange whale ratio hit 0.64, the highest level since 2015, as BTC ETFs post five consecutive weeks of outflows totaling roughly $316M in the latest week alone.
• Bitcoin miner Bitdeer sold its entire BTC treasury, dropping holdings to zero. Meanwhile, "Bitcoin to zero" Google searches hit a record high in the U.S. this month.
• Vitalik Buterin proposes AI "stewards" for DAO governance using zero-knowledge proofs, while backing a censorship resistance upgrade scheduled for later this year.


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