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Whale Wallets Return to Bitcoin Accumulation as Price Holds Near $71,000

Whale Wallets Return to Bitcoin Accumulation as Price Holds Near $71,000

According to Santiment, Bitcoin wallets holding 10 to 10,000 BTC became net buyers about two weeks ago after roughly two months of selling, while non-zero wallet addresses reached a record high.

BTC

Fact Check
The statement accurately reflects on-chain data reported by Santiment in mid-March 2026. Multiple sources (crypto.news, CoinPost, and Santiment's own insights) confirm the specific wallet tier (10-10,000 BTC), the timing of the accumulation shift (roughly two weeks prior to March 15), the preceding two-month selling period (starting mid-January), and the record high of non-zero addresses (58.59 million).
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Summary

Santiment said Bitcoin wallets holding between 10 and 10,000 BTC shifted from net selling to net buying about two weeks ago after selling since mid-January for around two months. The group reportedly controls more than 66% of the total Bitcoin supply, making the change notable for market positioning. Santiment also said the number of non-zero Bitcoin wallets reached a record high, indicating continued address growth alongside the return to accumulation by larger holders.

Terms & Concepts
  • Bitcoin: The largest cryptocurrency by market value, operating on a decentralized blockchain network and used as a digital asset and payment system.
  • Net buying: A market condition in which purchases exceed sales over a given period, indicating accumulation by participants.
  • Non-zero Bitcoin wallets: Bitcoin wallet addresses that hold any amount greater than zero BTC, often tracked as a basic indicator of network participation.