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Retail investors are once again actively purchasing Bitcoin, according to Santiment., 2026/03/07 14:28:26
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Small retail investors have begun to actively acquire Bitcoin after its price fell below $70,000, according to data from the analytical platform Santiment. However, blockchain analysts caution that, based on historical trends, the cryptocurrency’s value may continue to decline.
Holders of between 10 and 10,000 Bitcoins were actively accumulating the asset from February 23 to March 3, when the price fluctuated between $62,900 and $69,600, as noted by Santiment. When the Bitcoin price rose above and reached $74,000, these investors started to take profits. Analysts report that they have already sold approximately 66% of the recently acquired coins.
Meanwhile, smaller investors, who hold less than 0.01 Bitcoin in their wallets, have started to increase their positions. Santiment analysts emphasize that a scenario where small retail investors are buying the asset while so-called “whales” are selling typically indicates that a market correction is not yet complete.
On Saturday, March 7, Bitcoin fell below $68,000. This decline coincided with a record outflow of funds from American Bitcoin exchange-traded funds (ETFs): according to the analytical platform Farside Investors, investors withdrew $348.9 million from 11 funds in a single day. This marks the largest outflow since February 12.
The drop in Bitcoin also resulted in a new decrease in the Fear and Greed Index by six points, bringing it down to 12, which corresponds to the “extreme fear” zone.
The founder of the crypto investment firm ZX Squared Capital, CK Zheng, linked the current decline of the leading cryptocurrency to the conflict in the Middle East. He believes that the escalation of the conflict could lead to a further 30% drop in Bitcoin prices by the end of the year amid a general deterioration in financial market conditions.
Conversely, the head of research at brokerage firm K33 Research, Vetle Lunde, believes that the worst phase of the decline is already behind us and that the market may soon reverse.
