Bitcoin whales keep stacking up their stashes while the price lingers between 63000 and 65000. 🦇
Small Wallets Letting Go Fast 🌙
This buildup got even stronger after the earlier buzz around that Coldcard hardware scare which sparked loads of network moves.
Santiment noted how active addresses hit a three month peak at 712000 in just seven days and big transactions over 100000 climbed to 61800 in five months. Folks scrambled to shift funds after the breach and that fueled all the on chain hustle.
Now large holders add more BTC but tiny ones dump at the quickest rate since December 2024. The hack timing lines up with both trends.
Uncertain vibes around the CLARITY Act added pressure too and the flat price action pushed retail folks out.
Spot Funds Grab Inflows Again 🕯️
US Bitcoin ETFs marked four days straight of positive flows with 129 million coming in on August 6. BlackRock’s IBIT took 123 million while Fidelity added 112 million. VanEck’s HODL lost 327 million and Valkyrie’s BRRR dropped 907 million.
Those gains lifted the monthly total near 755 million.
Santiment tweet embed here for the latest shift details 🖤
CoinMetrics spotted a brief exchange balance spike tied to the Coldcard chaos as well. This split between big accumulators and small sellers lifts the chances BTC breaks past 70000 before slipping under 60000. 💀
Just another echo from the void by iconofsin.eth 💖
