On November 10, BlockBeats reported that Santiment said wallets holding 1 to 10 BTC had accumulated 10,076 BTC over the prior two weeks, while wallets holding 10 to 100 BTC had accumulated 4,131 BTC. Together, these groups added 14,207 BTC.
How Santiment describes these holders
Santiment said holders in this range are usually more patient than smaller retail wallets. According to the firm, they tend to add during market panic and reduce exposure after strong rebounds.
Santiment’s conditional view
Santiment treated inflows of more than 14,000 BTC into these wallets during a sharp sell-off as a bullish signal, while saying it still needs to be seen whether the accumulation continues.
In Santiment’s framing, if Bitcoin stabilizes around $75,000 and wallets holding 1 to 100 BTC keep accumulating, a move back above $78,000 and $80,000 would further support the judgment that a local bottom is forming. If price breaks below recent lows and those wallets instead reduce holdings, the signal would weaken.
These conditions and the bullish reading are Santiment’s assessment as reported on November 10; they do not by themselves confirm a bottom.