Recent analysis from Santiment highlights interesting trends in Bitcoin investor behavior, showing a transition of assets from smaller to larger holders.
Increase in Large Bitcoin Wallets
According to Santiment, the number of wallets holding 10 or more BTC has increased by 231 addresses (+0.15%) over the last 10 days. This could be seen as a bullish signal for the market.
Decline in Small Investor Activity
Conversely, wallets holding between 0.001 and 10 BTC have decreased by 37,465 (-0.16%). This suggests a transfer of Bitcoin from smaller, often retail investors to larger entities.
Analysis and Possible Predictions
Historical data shows that similar divergence patterns—where large wallets grow and small wallets shrink—often precede significant upward momentum in the crypto market. This trend may indicate strong institutional conviction among investors.
The observed trend of accumulation by large holders amid declining numbers of small investors may signal the potential onset of a new upswing for Bitcoin.
