Whale Wallets Load Up on Bitcoin as 'Strong Hands' Return

The number of 'whale' wallets holding at least 10,000 BTC has reached a six-month high, according to analytics firm Santiment.

This is after an eight-week surge in which these wallets increased by six, representing a 7.1% rise.

This trend builds on a broader accumulation pattern first noted four days ago, where wallets holding between 10 and 10,000 BTC have accumulated $1.5 billion worth of BTC since July 29.

Santiment linked this accumulation to the recent Coldcard hardware-wallet exploit and continued delays to the U.S. Clarity Act, which has fueled uncertainty and doubt in the market.