Recent data from Santiment indicates a notable divergence in Bitcoin wallet activity, hinting at a potential bullish resurgence.
Divergence in Wallet Activity
As of June 19, 2025, wallets holding 10 or more BTC (whales) have increased by 231 over the past 10 days—a modest 0.15% rise—while wallets with 0.001 to 10 BTC have dropped by 37,465, reflecting waning retail confidence.
Historical Market Correlations
The accompanying Santiment chart reveals a 23% surge in whale wallets and a 0.04% volume increase over 60 days. These trends correlate with previous bull cycles where whale accumulation coincided with retail sell-offs.
Expert Analysis and Insights
Analysts suggest this consolidation phase could signal an impending upturn. "When large wallets accumulate as retail loses confidence, it’s historically the right combination for bullish momentum," asserts Santiment's post.
In light of current economic factors and observed market shifts, monitoring wallet activity is crucial as it may herald significant changes in Bitcoin’s price.
