Bitcoin's 'strongest hands' are back, on-chain data show
60-second summary
Bitcoin's elite wallets are accumulating at a six-month high of 90, holding over 10,000 BTC, following earlier accumulation by mid-sized whales. This trend is observed despite Coldcard fallout and Clarity Act delays. The increasing concentration of wealth among these wallets suggests a potential market shift, as their influence can significantly impact Bitcoin's price and market dynamics.
Elite wallets holding over 10,000 BTC has hit a six-month high of 90, building on earlier accumulation by mid-sized whales amid Coldcard fallout and Clarity Act delays.