Whales and Whales of Bitcoin Are Among Us!
BTC
🐳 Bitcoin’s elite wallet count has bounced back to a 6-month high, with 90 wallets now holding at least 10K $BTC.
📈 This is not a tiny signal. There has been a net gain of +6 wallets holding at least 10K+ BTC in the past 8 weeks, a +7.1% rise.
🦐 Micro wallet holdings have also been dropping in August, with the Coldcard hacks and CLARITY Act delays leading to FUD from retail traders.
📊 Smaller holders are losing share, while the largest wallets are gaining presence again. Supply is rotating toward stronger hands before the next major market fluctuation, and this usually increases the likelihood of that fluctuation being a bullish one.