Large Bitcoin(BTC) wallets have absorbed more than $1.2 billion in coins since Jul. 29, while the price stayed pinned below $65,000. Key Points Wallets holding 10 to 10,000 BTC added over 20,
Large Bitcoin(BTC) wallets have absorbed more than $1.2 billion in coins since Jul. 29, while the price stayed pinned below $65,000.
- Wallets holding 10 to 10,000 BTC added over 20,000 coins in barely a week.
- U.S. spot Bitcoin ETFs pulled in $754.69 million this week, the strongest run since April.
- The Senate pushed its Clarity Act vote to September, removing a near-term catalyst.
Blockchain data compiled by Santimentshows that wallets holding between 10 and 10,000 BTC added more than 20,000 coins since Jul. 29, a span of barely a week. The analytics firm labels that cohort whales and sharks, and it treats their net buying as a directional signal, since large holders have historically led price direction. All of it landed beneath $65,000.
Wallets holding less than 0.01 BTC moved the other way, with combined balances that fell 0.55% over the same period, a split the firm tied to the Coldcard breach.
Attackers exploiting a firmware flaw in Coinkite devices have drained more than $100 million.
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U.S. spot Bitcoin exchange-traded funds have pulled in $754.69 million this week, according to SoSoValue, putting them on course for their strongest stretch of demand since April. BlackRock's iShares Bitcoin Trust supplied roughly $479 million of that. The rebound surpassed July's entire net intake of $172.43 million within the first two trading days of August, reversing a month of near total apathy from institutional allocators.
Wednesday did most of the work. That single session delivered $244.4 million in net inflows, and iShares accounted for $196.83 million of the total.
Liya Kalchev, an analyst at Nexo, described the move in institutional flows as the clearest shift visible in the market right now, pointing to inflows that built steadily through the week. She is not calling it conviction.
The marginal buyer looks tactical rather than committed, she argued, and a durable recovery narrative needs a decisive close above $65,000 before it can take hold.
Policy supplied the counterweight, and Senate Majority Leader John Thune said late Thursday that the chamber will not vote on the Clarity Act before lawmakers leave for their August recess. Democrats withheld the consent needed to schedule floor time, which leaves the market structure bill parked until the Senate returns to Washington in September.
Traders have long treated that bill as the trigger for a wider institutional bid, and Polymarket odds on a 2026 signing have slid toward 15% from above 70% in early May.
Bitcoin has gone nowhere in the meantime. The coin has held between roughly $62,000 and $65,000 for most of the summer, shedding about $2,000 in the days after the first Coldcard sweep before clawing all of it back.
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