Bitcoin wallets holding between 1,000 and 10,000 BTC increased their holdings during the price drop, showing confidence as prices fell.
ETFs, including Grayscale's GBTC, Fidelity's FBTC, and 21Shares/Ark Invest's ARKB, experienced $168 million net outflows on Monday.
Only 0.3% of assets left ETFs, with analysts noting this as a strong holding in the face of recent market fluctuations.
Large Bitcoin holders took advantage of lower prices to buy more, while small investors sold during the market panic, according to IntoTheBlock data.
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