Bitcoin Shows Mixed Signals as Whale Wallets Decline but ETF Inflows and Public Buys Continue

Key Points

1. The number of Bitcoin wallets holding over 10,000 BTC has decreased, yet the price continues to rise, indicating a divergence from typical market behavior.

2. Public companies like MicroStrategy and Mara Holding have significantly increased their Bitcoin holdings, with MicroStrategy now controlling nearly 2.9% of Bitcoin's total supply.

3. Bitcoin spot ETFs have seen strong inflows, with assets under management reaching $151.28 billion, including $4.83 billion in purchases in July alone.

4. Institutional buying and ETF inflows are providing liquidity and confidence, supporting Bitcoin's price stability and reducing volatility.

5. Expert projections suggest the current bull market may be nearing its end by October, but sustained institutional activity could lead to a shallow correction rather than a sharp downturn.