Bitcoin Elite Whales Hit Six-Month High Amid Rising Demand

The number of elite Bitcoin holders has reached a six-month high, according to data from Santiment Intelligence. As of August 11, there are 90 wallets holding at least 10,000 BTC, up from 6 new accounts over the past 8 weeks.

This marks a significant increase in elite investors, who were declining at the beginning of the year as Bitcoin's price dropped below $80,475. However, since early June, the flagship coin has seen its elite wallets gradually increase.

The renewed demand for Bitcoin from elite holders has coincided with a rebound in active addresses over the past two months. As such, BTC price is up 0.2% over the last 30 days, trading at $64,080.