Santiment: Bitcoin Bulls Loading Up As Whales And Sharks Buy The Dip

Bitcoin moved higher on renewed buying from large holders while smaller wallets were seen booking gains, a pattern that on-chain watchers view as supportive for further upside. Related Reading: Bitcoin Wealth Isn’t About Hype—It’s About Time And Stacking, Expert Says Whale Accumulation And Retail Profit-Taking According to Santiment, wallets holding between 10 and 10,000 BTC — described as whales and sharks — have added 56,227 BTC since mid-December. At the same time, wallets with less than 0.01 BTC have been taking profits, suggesting some retail traders expect a bull trap or a fool’s rally. This split — heavy accumulation by large holders while small accounts sell — raises the odds of market cap growth across crypto. Supply Redistribution And Market Structure Market observers say supply is shifting in a way that helps price action. Analyst James Check pointed out that the top-heavy supply share has fallen from 67% to 47%, a large move in a short span. 📊 Crypto markets typically follo