Large Bitcoin wallets are accumulating again as the price holds near $71,000, according to Santiment. The shift marks a bullish signal, with wallets holding 10 to 10,000 BTC now controlling 68.17% of supply-up from 68.07% a week prior.
Santiment notes that a market bottom may be forming if retail investors continue to sell while whales buy-a sign of weak hands yielding to strong ones. Currently, the Crypto Fear & Greed Index remains in 'Extreme Fear' territory at 16.
Bitcoin is trading at $71,350, up 6.3% over seven days and 7.55% over 30. This follows a recent spike above $74,000, when whales offloaded 66% of their February-March purchases.
US spot Bitcoin ETFs recorded their first five-day inflow streak in 2026, bringing in $767.32 million this week.