Bitcoin Whales Added 19,696 BTC in Eight Days as Retail Buying Slows, Santiment Says

Large Bitcoin holders continued to accumulate the flagship cryptocurrency over the past week, while buying activity among the smallest investors eased, according to a report from crypto analytics platform Santiment.

Specifically, Santiment reported that addresses holding 10 to 10,000 BTC increased their combined balances by 19,696 BTC during the last eight days. During the same period, wallets holding less than 0.01 BTC showed reduced dip-buying activity, suggesting weaker participation from micro retail investors.

The analytics firm said the combination of accumulation by so-called sharks and whales, the return of spot Bitcoin ETF inflows, moderating retail demand, and a gradual shift in Bitcoin supply toward larger holders points to a potentially constructive market backdrop.

The report reflects Santiment’s interpretation of on-chain data and market trends rather than a prediction of future price performance.

Source: Santiment