Bigger Bitcoin wallets are stacking while others sell: Santiment

Quick Summary:

The contrasting behavior between Bitcoin (BTC) whales and retail investors often signals that Bitcoin may be heading toward another upward trend, Santiment said in a May 6 X post. Bitcoin smaller players show cold feet“When large wallets gradually accumulate in tandem with retail panic selling/selling out of boredom, it is generally a strong long-term sign of prices biding their time before another breakout,” Santiment said.

While larger Bitcoin holders remain confident and continue accumulating the asset, data from a crypto analytics platform shows that smaller retail investors have been shedding BTC amid the asset’s prolonged consolidation below the $100,000 price level.

Meanwhile, spot Bitcoin ETF holders have accumulated over the same period, with US-based spot Bitcoin ETFs totaling $4.41 billion in inflows since March 26, according to Farside data. Bitcoin dominance continues to soarThe overall crypto market is still concentrated around Bitcoin.

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Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United States

Topics: Data March Time Holders Price Santiment Retail Bitcoin Crypto Level $100

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 06:09:28 (23 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Coin Telegraph

News ID: 28461783

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