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BTC Bitcoin whales and sharks continue to increase their holdings, and micro holders accelerate their departure
According to the latest data from Sanitation, during the trading range of Bitcoin from US$63,000 to US$65,000, whale and shark addresses continue to increase their holdings. This cumulative trend has further strengthened since the release of the previous report earlier this week. Previous reports pointed out that Internet activity surged due to the impact of the Coldcard hardware wallet security incident.
Retail investors sold positions
At the time, Sanitation reported that active Bitcoin addresses had climbed to a three-month high of 712,000 in the past seven days, while the volume of transactions worth more than $100,000 reached a five-month high of 61,800. The company said that after the security breach, affected users rushed to move funds and reorganize their wallets, which ultimately triggered a sharp increase in activity on the chain.
In the latest report, Sanitation noted significant changes. Large holders continue to add BTC to their wallets, while micro holders are reducing exposure at the fastest rate since December 2024. The Coldcard hack remains a major factor, as the whale's increase in holdings and the sell-off by small investors began at almost the same time period.
The uncertainty created by the CLARITY Act has also contributed to this trend. The continued horizontal consolidation of Bitcoin has depressed the enthusiasm of retail participants and further increased selling pressure on small wallets. Sanction explains that it is this division between large and small holders that is becoming increasingly apparent.
Against the backdrop of steady increases in key stakeholders and continued withdrawal of retail investors, the analysis platform said that the possibility of BTC exceeding US$70,000 is increasing. This in turn makes this outcome more likely than a fall below $60,000.
The fallout from the Coldcard incident is also reflected in CoinMetrics data, which shows a brief increase in BTC holdings on exchanges.
ETF maintains a positive trend
On the institutional side, the U.S. spot Bitcoin ETF has recorded net inflows of funds for four consecutive days. On August 6, the funds attracted nearly $129 million. BlackRock's IBIT led the way with $123 million, followed by Fidelity's ETF with an inflow of $11.2 million. In terms of capital outflows, VanEck's HODL outflow was US$32.7 million, and Valkyrie's BRRR outflow was US$9.07 million that day. The rest of the funds either showed small gains or closed flat.
The latest round of gains has pushed monthly data to nearly US$755 million.
