Large Bitcoin wallets are increasing their holdings again as Bitcoin trades around $71,000, according to crypto sentiment platform Santiment. Santiment said in a Saturday report that the shift toward accumulation among wallets holding 10 to 10,000 BTC is bullish. Santiment data shows wallets holding 10 to 10,000 BTC now control 68.17% of Bitcoin’s total supply, up from 68.07% seven days earlier.
Santiment warned that a potential local bottom could form if whales continue accumulating while retail investors’ share of holdings declines. “Ideally, we want to see small wallets drop while this group rises, signaling a transfer of coins from weak hands to strong hands,” Santiment said. An increase in retail buying suggests over-optimism, since Bitcoin’s price has historically bottomed when everyday investors start losing hope and selling.
The Crypto Fear & Greed Index remained in Extreme Fear, signaling continued investor caution. Bitcoin was trading at $71,350 at the time of publication, up 6.30% over the past seven days. Just over a week ago, Bitcoin whale activity was vastly different, with Santiment noting that whales had sold 66% of the Bitcoin they bought between Feb. 23 and Mar. 3, as Bitcoin briefly rose above $70,000. US spot Bitcoin ETFs logged their first five-day inflow streak of 2026, bringing in roughly $767.32 million this week.
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