Santiment, an on-chain analytics platform, reports that wallets holding between 10 and 10,000 BTC have accumulated 40,967 Bitcoin since April 10, valued at roughly $3.17 billion at current prices. In stark contrast, retail wallets with less than 0.1 BTC added just 46 coins, worth about $3.56 million — a nearly 900x gap in accumulation size.
Whale Accumulation vs Retail Indifference: A 900x Gap
On X, Santiment noted these “key stakeholders” are rapidly stacking Bitcoin. Since April 10, whales have bought nearly 41,000 BTC while retail barely moved. Santiment stated: “The ideal scenario is for large holders to keep accumulating while retail starts taking profits,” calling this combination “one of the strongest signals for a long-term bull market.”
Andre Dragosch, European Head of Research at Bitwise, also posted on X that “institutional demand for Bitcoin is clearly accelerating.”
Sentiment Reversal in Four Days: From Extreme Fear to Extreme FOMO
In a separate post, Santiment noted that Bitcoin holders’ sentiment flipped from “extreme bearish” on Monday to “super FOMO mode” by Thursday. However, broader crypto market sentiment remains cautious: the Crypto Fear & Greed Index sits at 39, still in “fear” territory. The speed of sentiment reversal contrasts with price distance — BTC remains about 3% below $80,000, yet holders have already priced in a breakout.
Santiment suggests that a break above $80,000 would be key to reigniting trader interest, but the ideal timing would be “when optimism has cooled slightly.”