Bitcoin edged up to $64,640 on Aug. 6. Santiment’s latest data shows that the number of active Bitcoin wallets surged to 712k last week, while the number of whale transactions worth more than $100k each reached 61,800. Santiment said the surge in activity was related to a vulnerability in Coldcard hardware wallets, with the loss of 2,055 BTC prompting investors to withdraw funds and strengthen their custody strategies.
Key Bitcoin On-Chain Metrics at a Glance
According to the latest data from Santiment and CryptoQuant, the key on-chain metrics are as follows:
Active Bitcoin wallets: 712k (the highest in three months)
Whale transactions (>$100k): 61,800 (the highest in nearly five months)
Losses related to the Coldcard vulnerability: 2,055 BTC (more than $130 million)
30-day net increase in LTH holdings: 380k BTC (approximately $24.3 billion, or about 2% of total supply)
Five-day net inflows into spot Bitcoin ETFs: $381.4 million
CryptoQuant: LTH-SOPR Rises Back Above 1
CryptoQuant’s 30-day rolling data on changes in LTH supply shows that long-term holders increased their holdings by a net 380k BTC over the past month, worth approximately $24.3 billion at the current market price and accounting for about 2% of Bitcoin’s total supply. This accumulation occurred while Bitcoin’s price fluctuated between $60k and $65k.
The LTH-SOPR metric, which measures whether long-term holders sell at a profit or a loss, has risen back above 1, indicating that long-term profits are being realized again. The primary buyers are veteran investors who believe in Bitcoin’s long-term potential.
CryptoQuant also noted that a similar situation occurred around mid-2023, before and after the SEC approved spot Bitcoin ETFs.
Mixed US Macroeconomic Data
ADP US private-sector employment increased by 44k in July, below the market expectation of 75k and the revised June figure of 95k, while the annual pay increase for employees who remained in their jobs held steady at 4.4%. The July ISM Services PMI was 54.1, remaining in expansion territory. The business activity index was 59.1, and the new orders index was 57.2, while the employment subindex fell to 47.4, returning to contraction territory.
On July 29, the FOMC voted 9–3 to maintain the federal funds target range at 3.50%–3.75%. Chair Kevin Warsh hinted at a willingness to tolerate tighter financial conditions. As of Wednesday afternoon, the market priced in an approximately 59% probability of a 25-bps rate hike in September, while the 10-year US Treasury yield hovered around 4.6%.
Global Market Dynamics: DJIA Hits a Record High, Nasdaq Falls 0.83%
Key global market data on Wednesday: The DJIA rose 263.24 points (+0.49%) to close at 54,349.12, a record high; the S&P 500 fell 12.97 points (-0.17%) to close at 7,723.55; and the Nasdaq fell 221.55 points (-0.83%) to close at 26,363.44, dragged down by AI-related stocks.
In Europe, the Stoxx 600 rose 0.5%, the FTSE 100 rose 0.6%, and Germany’s DAX rose 0.7%. WTI crude oil closed at approximately $75.22 (-0.7%). US-Japan joint market support pushed USD/JPY down from above 163 to below 160, while the DXY weakened.
Regarding the Strait of Hormuz, Iran and Oman have reached an agreement on the coordinates of a proposed shipping route, but significant differences remain between the US and Iran over political conditions.
FAQ
What does Santiment’s latest data show about Bitcoin’s on-chain activity?
According to Santiment’s latest data, the number of active Bitcoin wallets rose to 712k, the highest in three months, while the number of whale transactions worth more than $100k each reached 61,800, the highest in nearly five months. Santiment said the surge in activity was related to the Coldcard vulnerability, with losses exceeding 2,055 BTC, or more than $130 million.
What do CryptoQuant’s long-term holder data show?
CryptoQuant data shows that long-term holders increased their holdings by a net 380k BTC over the past 30 days, worth approximately $24.3 billion and accounting for about 2% of total supply. LTH-SOPR has risen back above 1, indicating that long-term holders are realizing profits again, with the primary buyers being veteran investors who believe in Bitcoin’s long-term potential.
What is the current probability of an FOMC rate hike in September?
Based on market pricing on Wednesday afternoon, Aug. 6, 2026, the probability of the FOMC raising rates by 25 bps in September was approximately 59%. On July 29, the FOMC voted 9–3 to maintain the federal funds target range at 3.50%–3.75%, while Chair Kevin Warsh hinted at a willingness to tolerate tighter financial conditions.
