Bitcoin Whales Go Shopping: 10,000 BTC Accumulated In 3 Days

bitcoinistPublished on 2026-04-06Last updated on 2026-04-06

Abstract

According to on-chain data, Bitcoin whales have resumed significant accumulation, purchasing approximately 10,000 BTC over the past three days. This activity, reflected in the Santiment BTC Held by Whales metric, suggests a potential shift in market sentiment and a possible foundation for a new bullish trend. Concurrently, bearish discussions on social media have reached their highest level since late February 2026, indicating peak fear and pessimism among traders. Historically, such extreme negative sentiment often precedes a market reversal. At the time of writing, Bitcoin's price is around $67,400, up nearly 1% in 24 hours. The return of whale accumulation coupled with high FUD levels could signal an impending positive price movement.

According to the latest on-chain data, the largest Bitcoin investors have been active in the market over the past few days, seemingly resuming accumulation of the world’s largest cryptocurrency.

Have Whales Resumed BTC Accumulation?

On Saturday, April 4, market pundit Ali Martinez took to the X platform to share that the Bitcoin whales have stepped into the market and seem to be in accumulation mode again. This fresh observation could be an indicator of improving investor sentiment and a potential starting point for BTC’s next positive phase.

This on-chain observation is based on the rise in the Santiment BTC Held By Whales metric, which tracks the cumulative amount of Bitcoin held by large wallet addresses (with a balance of 100 to 10,000+ BTC) at a given time. This indicator helps to gauge the sentiment among one of the most relevant groups of investors in the BTC market.

Due to the size of their holdings, whales are often considered entities that wield significant influence on the market. Hence, their behavior and movements are typically monitored and viewed as a leading indicator for market direction.

According to data shared by Martinez, the BTC Held By Whales metric recently saw a notable spike, with the large wallet addresses accumulating around 10,000 Bitcoin over the past three days. When Bitcoin whales are actively increasing their holdings, it suggests an upturn in market confidence and perhaps rising expectations of a price increase.

Ultimately, the return of the whales to the Bitcoin market is a good sign that suggests an improving investor sentiment, which could be the exact foundation for the flagship cryptocurrency’s next bullish trend.

Bitcoin Bearish Discussions Reach Highest Level Since February 2026

In a post on the X platform, Santiment shared an on-chain data point that supports the possibility of a bullish reversal for the Bitcoin price. According to the analytics firm, Bitcoin is witnessing the highest ratio of bearish discussions (fear) since late February.

Santiment wrote on X:

There has been an extended period of stagnancy among cryptocurrencies throughout 2026, and social media indicates that Saturday’s ratio of just 0.81 bullish comments per 1.00 bearish is the lowest ratio since February 28th.

While this trend suggests a lack of optimism among the Bitcoin crowd, it is worth noting that the market tends to move in the opposite direction of general expectations. In essence, this high level of FUD (Fear, Uncertainty, and Doubt) could be indicating a potential BTC turnaround sooner than expected.

As of this writing, the price of BTC stands at around $67,400, reflecting an almost 1% jump in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Related Questions

QWhat is the significance of Bitcoin whales accumulating 10,000 BTC in three days according to the article?

AIt suggests an upturn in market confidence and potentially rising expectations of a price increase, indicating a resumption of accumulation by the largest investors.

QWhich on-chain metric is used to track the behavior of Bitcoin whales in this analysis?

AThe Santiment BTC Held By Whales metric, which tracks the cumulative amount of Bitcoin held by large wallet addresses (with a balance of 100 to 10,000+ BTC).

QWhat does the high ratio of bearish discussions about Bitcoin indicate, according to Santiment's data?

AIt indicates the highest level of fear (FUD) since late February, which, counter-intuitively, could signal a potential bullish reversal as markets often move opposite to general expectations.

QWhat was the price of Bitcoin at the time of writing, and how had it changed in the previous 24 hours?

AThe price of Bitcoin was around $67,400, reflecting an almost 1% jump in the past 24 hours.

QWhy are the movements of Bitcoin whales considered a leading indicator for the market's direction?

ADue to the significant size of their holdings, whales wield substantial influence on the market, making their behavior a key indicator of sentiment and potential price trends.

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363 Total ViewsPublished 2025.05.13Updated 2025.05.13

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