The Number of Large Bitcoin Wallets Reaches a Peak, Ethereum Activity Increases

The number of large Bitcoin wallets has reached a six-month high with 90 addresses holding at least 10,000 BTC, marking a 7.1% increase over the past eight weeks. Meanwhile, smaller holders are reducing their stakes in Bitcoin due to negative market influences, particularly the Coldcard hack. Analysts believe that the flow of supply into large wallets may indicate that the market is preparing for a significant move. Ethereum network activity has surged to a peak not seen since March, with 989,500 active addresses recorded in the last 24 hours. The price of Ethereum remains around $1,870. The increase in activity may be linked to a recovery in inflows into spot exchange-traded funds. The number of staked Ethereum has reached a record 41.7 million coins, accounting for approximately one-third of the total supply of the asset, despite the price drop from $3,400 to $1,900.

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