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According to recent information from crypto analytics company Santiment, significant Bitcoin holders have begun to accumulate again as the cryptocurrency hovers around the $71,000 mark.
Key Takeaways:
- Bitcoin whales possessing between 10 and 10,000 BTC have restarted their accumulation as the price stabilizes close to $71,000.
- These substantial wallets now account for approximately 68.17% of Bitcoin’s overall supply, indicating renewed confidence among major stakeholders.
- Experts caution that a confirmed market bottom may hinge on retail investors starting to sell rather than continuing to buy.
The platform indicated that wallets containing between 10 and 10,000 Bitcoin have increased their share of the total supply over the last week, reflecting renewed confidence among significant investors.
These wallets now command about 68.17% of Bitcoin’s circulating supply, a slight increase from 68.07% a week prior.
Bitcoin Whale Accumulation Indicates ‘Positive Reversal’: Santiment
Santiment characterized this change as a “positive reversal,” implying that larger holders might be positioning themselves for a potential upswing.
This accumulation trend emerges as Bitcoin stabilizes near $71,000 following recent fluctuations in the broader cryptocurrency market.
At the time of publication, Bitcoin was trading around $71,350, reflecting an increase of approximately 6% over the past week and more than 7% over the last 30 days, based on CoinMarketCap data.
Analysts are closely monitoring the actions of both large holders and retail investors for indications of the market’s next direction.
Santiment pointed out that Bitcoin has historically reached local bottoms when coins transition from smaller retail wallets to larger, long-term holders.
Based on available tracked wallets, the percentage of Bitcoin on exchanges has fallen to its lowest level since November 2017. In the over eight years since, it’s fair to say that quite a bit has changed in both crypto and the world. pic.twitter.com/Sb9psThlvW
— Santiment (@santimentfeed) March 14, 2026
“Ideally, we want to see small wallets decrease while this group increases,” Santiment stated, referring to the movement of coins from short-term traders to larger, more patient investors.
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However, the firm cautioned that the market may still encounter uncertainty if retail enthusiasm persists.
Historically, Bitcoin tends to reach its lowest points when retail investors grow pessimistic and begin selling, rather than when optimism is widespread.
Sentiment indicators reflect this mixed perspective. The Crypto Fear & Greed Index remained in the “Extreme Fear” category at 16 on Sunday, indicating that many investors remain cautious despite the recent price recovery.
The latest accumulation trend follows a phase of significant selling earlier in March.
On March 6, Santiment reported that large Bitcoin holders had divested approximately 66% of the BTC they accumulated between February 23 and March 3 as prices surged past $70,000 and briefly approached $74,000.
Bitcoin May Still Be in Bear Market Phase: Willy Woo
Some analysts express caution about declaring a definitive market bottom.
Onchain analyst Willy Woo recently suggested that Bitcoin may still be in the midst of a prolonged bear market phase when assessed through the lens of long-term liquidity cycles.
Despite a local rejection of mid-70s, investor flows have been in consistent recovery since mid-February. Meanwhile, expected volatility (VIX) on equities is hinting for a switch to “risk on” in coming weeks.
BTC sold off WAY TOO FAST in this early bear market and current conditions…— Willy Woo (@willywoo) March 8, 2026
As reported, Bitcoin’s price is showing signs of stabilizing near the $70,000 level as concerns about a broader conflict involving Iran begin to diminish.
The recovery follows a sharp multi-week selloff that coincided with rising oil prices and deteriorating macro sentiment, which had driven Bitcoin down toward the $63,000–$66,000 range during the peak of geopolitical tensions.
Markets have started to recover as energy prices eased following comments suggesting the conflict could de-escalate. Risk assets responded quickly, with the S&P 500 gaining while Bitcoin rose about 4% on the daily chart.
Meanwhile, institutional flows appear to be strengthening. US spot Bitcoin exchange-traded funds recorded their first five-day inflow streak of 2026 this week, attracting approximately $767 million in new capital.
The post Large Bitcoin Wallets Resume Accumulation as BTC Holds $71K: Santiment appeared first on Cryptonews.
