Crypto whales take advantage of the recent price drops to buy Bitcoin and invest in this new meme coin. As investments continue to exit Bitcoin Spot ETFs in the U.S., crypto whales (large investors) are purchasing more BTC, seizing the opportunity of its current lower value. Investors are also flocking to buy quantities of the new and promising meme coin Pepe Unchained (PEPU).Monday saw the largest outflow from Bitcoin ETFs, according to data from The Block, contributing to a drop in BTC value to around $55,000 early Wednesday. Since then, Bitcoin has recovered slightly, stabilizing above $58,000, possibly due to whales taking advantage of the price dip to buy more BTC.Moreover, the Lookonchain account, which analyzes crypto data on the blockchain, revealed that a wallet owner bought 545 BTC on Wednesday amid the price drop, bringing the whale's total BTC holdings to 862 coins over the past three days.It wasn't just this wallet; another known as “Mr. 100” on X platform—named for purchasing BTC in batches of 100—has now accumulated 72,726 BTC. Some speculate this wallet might belong to a trading platform.Bitcoin ETFs in the U.S. have experienced their longest streak of net outflows since their launch earlier this year, with investors pulling nearly $1.2 billion from 12 different funds over eight days by September 6. This decline coincides with sharp market downturns amid global economic concerns. However, Bitcoin has made modest gains in the past 24 hours, rising 1% to $55,000.Some traders attribute this slight recovery to prominent figures closing short positions, while others believe it may be linked to the improving political prospects of Donald Trump, who is supportive of cryptocurrencies.