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.

Market Sentiment and Whale Activity

Santiment, a platform that tracks crypto sentiment, reports that this shift looks promising for the market, indicating confidence from big players.

Whale Accumulation

• Recent Data: Wallets owning between 10 and 10,000 Bitcoins now control over 68% of all Bitcoin in circulation.
• Weekly Comparison: This is an increase from the same period last week, suggesting more accumulation by mid-size whales.

Market Dynamics

Santiment suggests that a local low might be forming if:

• Whales continue buying.
• Small investors (retail wallets) start selling.

Historical Trends

• Weaker to Stronger Hands: When everyday traders sell and larger accounts buy, coins often move from weaker to stronger hands.
• Market Bottom: If small wallets continue buying instead of selling, the market may not have reached its bottom yet.
• Historical Pattern: Bitcoin tends to fall when most people lose hope and sell off their holdings.

Current Market Indicators

• Crypto Fear & Greed Index: Still at “Extreme Fear,” showing cautious investor sentiment.
• Bitcoin Price: $71,350, up about 6% over the past week.
• Recent High: Briefly hit $74,000 before correcting.

Analyst Perspectives

• Willy Woo: Bitcoin is in the middle of a bear market from a long-term liquidity perspective.
• US Spot Bitcoin ETFs: Saw their first five-day inflow streak of 2026, adding roughly $767 million this week.

Uncertainty and Future Outlook

The situation remains uncertain. Big players are watching closely to see whether the trend of accumulation continues or reverses.