Overview
- Wallets holding 10–10,000 BTC added a net 47,584 BTC in early December, reversing heavy October–November distribution, according to Santiment.
- A previously dormant address identified as 34qy7UD withdrew 171 BTC from Binance, signaling renewed large‑holder engagement.
- Santiment’s behavioral matrix shows whales buying while smaller holders keep purchasing dips, a setup that typically slows upside momentum.
- Futures participation has eased with total BTC open interest around $60.19 billion, and CoinGlass flags major liquidation zones near $91,138 and $94,490.
- Technical signals are mixed, with ADX near 37 indicating strong momentum even as price sits below the 200‑day EMA and a descending trendline, with spot fluctuating between the high‑$80Ks and low‑$90Ks.