Large Bitcoin holders add $1.2 billion in BTC while U.S. spot ETFs see strongest weekly inflows since April.
Bitcoin whales holding 10–10,000 BTC have accumulated over 20,000 BTC, valued at $1.2 billion, since July 29. The accumulation occurred below the $65,000 level amid choppy market conditions.
U.S. spot Bitcoin ETFs recorded $754.69 million in inflows this week, marking their strongest performance since April. Analysts note a decisive close above $65,000 is needed to confirm a sustained recovery. Institutional demand appears to be rebounding, though price action remains subdued.
Santiment data highlights a divergence between large holders accumulating and smaller holders selling. Uncertainty around the Coldcard hardware wallet hack, which saw $120 million in BTC stolen, and regulatory concerns have contributed to micro holders’ caution.