Santiment: The number of non-empty BTC wallets has fallen, but some holders are accumulating coins

On November 10, BeInCrypto reported a discrepancy in Santiment data. Since October 16, the number of non-empty Bitcoin addresses has declined by about 108,700. This does not equal the number of investors who have left: one person can control multiple addresses.

Over the past two weeks, addresses holding 1 to 10 BTC added 10,076 BTC, while addresses holding 10 to 100 BTC added another 4,131 BTC. Meanwhile, spot Bitcoin ETFs lost around $2.13 billion in net assets over seven trading days starting October 30, according to SoSoValue.

The divergent flows point to uneven demand and do not guarantee a price reversal. Source: BeInCrypto, Santiment, and SoSoValue, November 10, 2026.
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