1 month ago
15
Key Takeaways
- Large-holder growth points to stronger hands.
- Custody shifts complicate the on-chain signal.
- ETF demand supports institutional resilience.
- Equity decoupling strengthens diversification appeal.
- Price still has to confirm accumulation.
Santiment reported on August 10 that the number of wallets holding at least 10,000 BTC has climbed to 90, its highest level in six months. That is six more wallets than eight weeks ago, an increase of 7.1%, while holdings among smaller wallets have been falling during August.
Santiment sees that combination as potentially bullish. Supply is becoming more concentrated among the largest holders at a time when U.S. spot Bitcoin ETF demand has also improved. The funds attracted about $853 million last week, including $693.7 million for BlackRock’s IBIT, per SoSoVa...
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