Coldcard Exploit Drains $120 Million as Bitcoin Wallets With 10,000 BTC Rise to 90

On-chain data highlighted by CoinDesk says bitcoin wallets holding at least 10,000 BTC have risen to 90, a six-month high, as “strong hands” accumulate again.

“The number of bitcoin wallets holding at least 10,000 BTC has risen to 90, a six-month high”

CoinDesk

CoinDesk also links the shift to a rotation since July 29, saying wallets holding between 10 and 10,000 BTC have added about $1.5 billion in bitcoin while smaller “micro” wallets have been shrinking throughout August.

CryptoPotato

The same CoinDesk report says Santiment attributes the divergence to the Coldcard hardware-wallet exploit that drained roughly $120 million worth of bitcoin and continued delays to the U.S. Clarity Act, with the Senate pushing it to September.

CoinDesk further reports that Santiment said the pattern of larger players accumulating while smaller holders sell raised the odds of an upside break above $70,000 versus a drop below $60,000.

KuCoin’s report on XRP says whales have accumulated 380 million XRP, with buying concentrated around the key $1 psychological level.

It adds that XRP has closed above $1 for 632 straight days, its longest stretch above that level, and points to a liquidity cluster around $1.06-$1.07 on CoinGlass’s 24H liquidation heatmap.

KuCoin

The same KuCoin piece says XRP’s RSI is sitting around the neutral 50 level while Bitcoin, Ethereum, Solana, and BNB are described as stretched into overbought or strong territory.

KuCoin also notes that Aviva Investors tokenized a fund on XRPL, with its USD Liquidity Fund adding a tokenized share class for institutional investors, and says RWA asset value on XRPL is up more than 28% over the past 30 days.

Bitget frames a separate on-chain push for bitcoin ahead of U.S. inflation data, saying wallets with over 10,000 BTC have nearly doubled their accumulation since March.

“Bitcoin wallets with over 10,000 BTC have nearly doubled their accumulation since March”

Bitget

Bitget says the increase is coming as investors prepare for upcoming U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports that could influence expectations for monetary policy and broader financial markets.

CryptoPotato, meanwhile, says CryptoQuant’s weekly report “Buying the Bear: A Signal of the Bear Market’s Final Stage” found large Bitcoin, Ether, and XRP holders continued accumulating during recent market weakness.

CryptoPotato reports CryptoQuant’s figures that wallets linked to major holders expanded their combined balance to about 3.06 million BTC this year, while it also says realized prices place bitcoin near $65,000 versus a realized price of roughly $52,900 and XRP near $1.04 versus a realized price of approximately $0.75.