A new divergence is forming in the Bitcoin market, with whales and sharks adding to their holdings while smaller wallets retreat.
According to data from Santiment, the number of wallets holding 10 or more BTC has grown by 231 addresses (+0.15%) in the last 10 days. In contrast, wallets holding between 0.001 and 10 BTC have declined by 37,465 (-0.16%) over the same period.
This shift suggests a transfer of supply from smaller, often retail investors to larger entities—typically seen as a bullish signal for the market.
Despite recent volatility, BTC’s price has remained relatively stable, providing a window for strategic accumulation.
Historical data shows that similar divergence patterns—where large wallets grow and small wallets shrink—often precede significant upward momentum in the crypto market.
Why It Matters
When large holders increase their exposure during periods of retail hesitation, it often signals strong institutional conviction. This behavioral split between Bitcoin’s “elite” and retail base reflects rising confidence among high-cap investors and could set the stage for a renewed rally.
With whale and shark wallet activity trending upward, market observers will be closely watching for signs that this accumulation phase could be the beginning of Bitcoin’s next leg higher.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-whales-accumulate-as-smaller-wallets-exit/