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Bitcoin millionaire wallets rise 10.4% in August, signaling potential end of crypto bear market

Market News
31 Aug 2026
Finbold
View Source
Bullish
pluang ai news

In August, the number of Bitcoin wallets holding over $1 million increased by 10.4%, adding 11,636 new millionaire addresses, suggesting a possible end to the cryptocurrency bear market. Wallets with over $10 million also rose by 11.24%, indicating growing confidence among large holders. Despite these gains, the total millionaire wallets remain below January levels, showing the bull market may just be beginning. Bitcoin's price rose 21.46% in the last 30 days, with analysts predicting a potential rally above $100,000 by the end of 2026, though a significant correction could occur first.

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