According to Cointelegraph, Santiment on-chain data shows that wallets holding 10–10,000 BTC control 68.17% of the total Bitcoin supply, up from 68.07% seven days ago, indicating recent accumulation rebound and viewed as a “positive reversal” and bullish signal. A week ago (around March 6), whales sold approximately 66% of their holdings when the price broke above $74,000. Small wallets (<0.01 BTC) have continued to accumulate, particularly buying when the price dropped below $70,000. Santiment warned that the combination of “retail buying + whale selling” has historically often signaled that a correction is not yet over.
Bitcoin whale activity suggests an ongoing correction amid accumulation.
TechFlowShare
Summary
Bitcoin whale activity shows renewed accumulation, with wallets holding 10–10,000 BTC now controlling 68.17% of the supply, up from 68.07% a week ago. This indicates increased buying interest, but Santiment cautions that correction risks persist due to whale selling and retail buying patterns. The market remains in a delicate phase as whale activity continues to influence price action.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.