🐋 Santiment: Whales bought 14,000 BTC during the dip
While retail investors panic, major players are building their positions. Santiment analysts observed a classic change of hands.
Wallets holding between 1 and 100 $BTC collectively added **14,207 BTC** over two weeks. Accumulation accelerated precisely as the price fell to $75,000. Large holders are using the downturn to increase their positions, acting more patiently than smaller participants.
Retail capitulation:
On October 16, the number of non-empty wallets reached 59.99 million, then declined by 108,700 addresses. Santiment attributes this to fear and asset consolidation. Historically, such capitulation has often preceded a market recovery.
🔹 $74,000–$75,000 is a key zone. If BTC holds here and accumulation continues, it could point to a local bottom.
🔹 A recovery to $78,000, followed by $80,000, would confirm the trend.
🔹 BTC reserves on exchanges have fallen to 1.28 million coins.
However, if the price breaks below the lows and whales start selling, the positive signal will weaken. Let’s watch the reaction!
#bitcoin #Santiment #whales #cryptotrading
$BTC
While retail investors panic, major players are building their positions. Santiment analysts observed a classic change of hands.
Wallets holding between 1 and 100 $BTC collectively added **14,207 BTC** over two weeks. Accumulation accelerated precisely as the price fell to $75,000. Large holders are using the downturn to increase their positions, acting more patiently than smaller participants.
Retail capitulation:
On October 16, the number of non-empty wallets reached 59.99 million, then declined by 108,700 addresses. Santiment attributes this to fear and asset consolidation. Historically, such capitulation has often preceded a market recovery.
🔹 $74,000–$75,000 is a key zone. If BTC holds here and accumulation continues, it could point to a local bottom.
🔹 A recovery to $78,000, followed by $80,000, would confirm the trend.
🔹 BTC reserves on exchanges have fallen to 1.28 million coins.
However, if the price breaks below the lows and whales start selling, the positive signal will weaken. Let’s watch the reaction!
#bitcoin #Santiment #whales #cryptotrading
$BTC
