Whales Return to Buying Bitcoin as Prices Hold Near $71K

Large holders of Bitcoin, often called whales, are buying more coins again after the price steadied at about $71, 000. Santiment, a platform that tracks crypto sentiment, says this shift looks good for the market because it shows confidence from big players. In recent data, wallets that own between 10 and 10, 000 Bitcoins now control a little over 68% of all Bitcoin in circulation. This is up from the same period last week, indicating more accumulation by these mid‑size whales. Santiment thinks a local low might be forming if the whales keep buying while small investors, or retail wallets, start to sell. They explain that when everyday traders drop out and larger accounts step in, the coins often move from weaker hands to stronger ones. If small wallets continue to buy instead of selling, it could mean that the market has not yet reached its bottom.

Historically, Bitcoin tends to fall when most people lose hope and sell off their holdings. The Crypto Fear & Greed Index is still at “Extreme Fear, ” showing that many investors remain cautious. Bitcoin’s price as of the report was $71, 350, up about 6% over the past week. A few days earlier, whales had sold a large portion of their recent purchases as the price climbed above $70, 000 and briefly hit $74, 000. Other analysts echo these concerns. Willy Woo, a Bitcoin on‑chain analyst, said the coin is in the middle of a bear market when viewed from a long‑term liquidity perspective. US spot Bitcoin ETFs have also seen their first five‑day inflow streak of 2026, adding roughly $767 million this week. The situation remains uncertain. If retail buyers keep buying, the market may still slide lower before it finds a firm bottom. Big players are watching closely to see whether the trend of accumulation continues or reverses.

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