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    3. Bitcoin: 20,000 BTC Accumulated by Large Wallets Since Late July

    Bitcoin: 20,000 BTC Accumulated by Large Wallets Since Late July

    By: rootdata|2026/08/07 12:00:00
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    Whales have accumulated over 20,000 BTC since July 29, while U.S. spot ETFs attracted $754.69 million this week. Two signals close to $1.95 billion, but Bitcoin remains stuck below $65,000.

    In Brief

    • Wallets holding between 10 and 10,000 BTC have added over 20,000 BTC since July 29.
    • U.S. Bitcoin spot ETFs received $754.69 million this week, their best pace since April.
    • Bitcoin still needs to close firmly above $65,000 to confirm a sustainable recovery.

    Whales Collect 20,000 BTC While the Market Stalls

    Bitcoin still hasn't taken off. Behind the scenes, however, large wallets are accumulating. Yesterday, Cointribune already noted a record accumulation by whales in major cryptos. New data from Santiment now tightens the frame: addresses holding between 10 and 10,000 BTC have added over 20,000 BTC since July 29.

    On August 7, this stock represented about $1.2 billion. Data published by CoinDesk places these purchases in a narrow band, below $65,000, while the market continues to experience hesitant sessions. The contrast matters more than the raw number: large holders are absorbing the supply without causing, for now, a visible break in price.

    Santiment also observes sales among smaller holders. The analytics firm estimates that this divergence increases the likelihood of a return above $70,000 compared to a drop below $60,000. This reading remains a scenario, not a certainty. A whale may accumulate to invest long-term, hedge a position, or reorganize its assets.

    Another caution: mechanically adding the $1.2 billion accumulated on-chain and ETF flows does not prove the arrival of $1.95 billion in entirely distinct capital. The two series measure different phenomena. Their convergence, however, indicates that demand is waking up across multiple channels simultaneously.

    Bitcoin ETFs Find Their Best Pace Since April

    The institutional signal comes from U.S.-listed spot ETFs. According to the flow chart from SoSoValue cited by CoinDesk, these products have captured $754.69 million since the beginning of the week of August 3. At this pace, they are heading for their best week since April.

    The movement extends an improvement already noticeable when Bitcoin ETFs ended July in the green despite last-minute outflows. In August, the tone is becoming clearer: over half a billion dollars had already flowed into these funds, with more than $240 million on Wednesday alone, according to Liya Kalchev, an analyst at Nexo.

    However, the price has not followed with the same vigor. This detail prevents a discussion of a true restart. Kalchev reports that some desks see the marginal buyer as a tactical player, still not fully convinced of a sustainable recovery.

    In other words, investors are repositioning but keeping one hand near the exit.

    This gap does not invalidate the entries recorded by the ETFs. It rather shows that the available supply remains sufficient to keep the market around $64,000. A clear close above $65,000 would change the reading: it would transform a discreet accumulation into a possible signal of recovery. As long as this threshold holds, the flows play more of a floor role than a driving force.

    -- Price

    --

    The $65,000 Threshold Holds the Final Word

    Bitcoin still faces two hurdles. The first comes from the market itself: several attempts below $65,000 have not led to an acceleration, despite whale purchases and the return of ETFs. The second is political, as the U.S. Senate is not expected to vote on the CLARITY Act in August.

    Regulatory uncertainty arrives at a bad time. Adoption of the text would clarify the division of competencies between U.S. regulators and could facilitate the engagement of new institutional players. Its postponement does not eliminate current demand but delays a catalyst closely watched by Wall Street.

    The nervousness of smaller holders is also explained by the hacking of Coldcard wallets, with losses reaching $120 million according to Santiment and CoinDesk. Cointribune has followed the consequences of this security breach, which reminds us that an operational shock can weigh on sentiment without altering the fundamental thesis of long-term buyers.

    In summary, whales and ETFs send the same message, but the price still refuses to validate it. On-chain accumulation, institutional entries, and a breach of $65,000 could eventually reinforce each other. Conversely, the delay of the U.S. vote and renewed risk aversion would keep Bitcoin in its current zone. The uncertainties surrounding the CLARITY Act remain the lock to watch.

    This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

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    Contents

    In Brief
    Whales Collect 20,000 BTC While the Market Stalls
    Bitcoin ETFs Find Their Best Pace Since April
    SPOT
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