Bitcoin (CRYPTO: BTC) whales are accumulating again while retail investors remain largely on the sidelines, creating an on-chain divergence that has historically favored stronger crypto-market performance.
What Whale Buying Signals
On-chain analytics firm Santiment reported on Tuesday that wallets holding between 10 and 10,000 BTC accumulated 41,025 Bitcoin over the past 10 days.
The cohort now controls 13.64 million BTC, equivalent to 67.93% of Bitcoin’s total supply, bringing its holdings back to their highest level since the mid-August rally.
Santiment noted that Bitcoin and the broader crypto market have historically performed better when these larger stakeholders accumulate, and sustained selling tends to create greater price pressure.
The other side of the equation is retail.
Wallets holding less than 0.01 BTC have remained largely flat rather than chasing Bitcoin’s latest move.
Santiment said the setup could strengthen if retail sells while whales keep accumulating, as retail capitulation has historically marked better buying opportunities.
However, the current divergence is not a guaranteed price signal.
BTC Holds Key Zone, What’s Next?
Prominent analyst Kevin Capital sees Bitcoin’s recent technical breakout strengthening the case that its cycle low is already in.
Bitcoin has cleared several important technical hurdles, including the 50-week moving average, the two-day 200 EMA and SMA, and a previous high that had maintained the market’s lower-high structure.
In a podcast published Tuesday, Kevin estimated the probability that Bitcoin’s bottom is in at around 90%, while arguing future pullbacks should increasingly produce higher lows.
For the short term, his roadmap centers on the $77,000 to $83,000 zone.
- If Bitcoin holds $77,000 to $83,000, Kevin sees a move toward $93,500 to $100,000 before stronger resistance.
- If it breaks lower, $67,000 to $75,000 becomes the next potential accumulation zone.
Kevin said USDT dominance is testing key support around 6%. A breakdown could support another Bitcoin push toward $100,000, while a bounce could signal an earlier pullback.
He added that BTC’s higher-time-frame structure increasingly favors higher lows rather than a new cycle low.
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