According to the Santiment, the total number of number of whale wallets, which are accounts holding 100 or more BTC, has reached a 17-month high, with 283 new wallets added in the last 30 days.

As of August 28, the firm noted that whales and sharks (those with at least ten BTC), had collectively purchased over 133,000 BTC ($7.6 billion) during this period.