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Whales Rebuild Bitcoin Holdings as Retail Sells, Pushing Signal to 'Very Bullish'

Fresh inflows to large wallets follow a prolonged drawdown, a pattern that has previously preceded rallies.

Overview

  • Since January 10, wallets holding 10 to 10,000 BTC added 32,693 BTC, a 0.24% rise in their supply, according to Santiment.
  • Very small holders with less than 0.01 BTC sold 149 BTC as social data showed the most fear and doubt in 10 days and price hovered near $97,000 to $98,000.
  • CryptoQuant reports a net increase of 46,000 BTC in the 1,000 to 10,000 BTC cohort, a 21% bounce and the first positive shift since November 2025.
  • Mid-sized “dolphin” wallets holding 100 to 1,000 BTC fell to 589,000 BTC this week, nearly 38% below their October 2025 peak.
  • Santiment labels the whale–retail divergence as 'Very Bullish' and calls it 'the ideal setup for a bull run' if retail skepticism persists.