Bitcoin (BTC) Wallets Holding 1-100 BTC Accumulate 14,207 Coins in Two Weeks

14,207 BTC in Two Weeks

Bitcoin (BTC) price stayed pinned near $74,000 on Tuesday, yet a broad slice of the holder base kept buying through the weakness: on-chain data from the analytics firm Santiment shows wallets holding between 1 and 100 Bitcoin (BTC) accumulated 14,207 coins over the past two weeks. The buying splits into two bands of very different weight. Wallets in the 1 to 10 BTC range added 10,076 coins, while the 10 to 100 BTC bracket, the size class usually described as a crypto whale position, added another 4,131. The bands are tracked separately because they behave differently: the 1 to 10 BTC group sits closest to the retail base, while the 10 to 100 BTC group carries materially more capital per address. Both cohorts kept stacking as the price slipped under $75,000 and sentiment among small investors deteriorated, a contrast the firm's update published on November 10 singled out. Santiment framed the behavior as small and mid-sized investors choosing to hodl and add through a drawdown that has cut the asset well below its all-time high. At these levels the accumulated coins sit on paper losses of varying depth, which is what makes continuous buying into weakness stand out in the on-chain record. Its historical argument is that traders who position against the general market have tended to come out ahead, and that comparable stretches of concentrated buying appeared ahead of broad recoveries in earlier cycles. The firm attaches a clear limit to the reading: accumulation figures on their own, it stated, do not confirm that the market has put in a bottom. Timing matters in the tally: every coin was bought into a falling market, which means these wallets accepted higher average costs exactly when the shorter-horizon crowd was cutting exposure.

Wallet Count Down 108,700

The divergence has run through this week's Bitcoin market coverage, and the starker half of the data concerns the wallets that left. The count of wallets holding a Bitcoin (BTC) balance peaked at 59.99 million on October 16 and has since declined by roughly 108,700, a drop the firm ties to small investors closing positions as the price slid under $75,000. In Santiment's reading, that retreat is the kind of capitulation that arrived before the largest recoveries in past cycles, with broad retail exits and peak fear among small holders preceding major turns. The same caveat applies as before: the wallet decline alone does not confirm that a floor is in. Exchange balances add a supply-side thread: coins held on trading venues have fallen to about 1.28 million BTC, a level the firm flags as a possible sign of supply pressure building, and the decline ran alongside the same two-week window, so the coins leaving venues and the coins entering mid-sized wallets overlap in time. Where the price goes from here is, in Santiment's framing, a question of levels rather than of wallet counts: holding the $74,000 to $75,000 zone and reclaiming $78,000 to $80,000 are the conditions it lists for a recovery to take hold. Both thresholds sit inside a bearish stretch that has already produced public sell calls, including Peter Schiff's calls to sell below $75,000, and macro pressure documented in our report on Waller's December rate-hike comments with Bitcoin (BTC) near $74,200. For a level-by-level view of the same zones, our Bitcoin technical analysis tracks support and resistance as the market tests them.

Do These Signals Mark a Bottom?

Read together, the datasets describe consolidation rather than exit: fewer wallets, each carrying more coin. The pattern carries a known ambiguity, since a shrinking address count with rising balances can reflect stronger hands or simple migration into custody, and this record does not separate the two. Buying that persists into a drawdown of this depth also looks less like opportunistic trading and more like the conviction the Bitcoin maximalism label describes. What the numbers establish is where the disagreement sits. Mid-sized wallets bought 14,207 coins into a falling market, the funded-wallet count dropped by about 108,700 since October 16, and Santiment declines to call a bottom from either series. The one connection the firm permits runs through price, not wallet data: a hold of the $74,000 to $75,000 zone and a reclaim of $78,000 to $80,000 would be what turns divergence into recovery.