Bitcoin Whales Scoop Up BTC At $71K

Bitcoin whales have resumed accumulation as the cryptocurrency market sits in 'Extreme Fear' territory.

“Rising leverage during FUD usually signals one thing – Traders are looking to profit from market swings”

AMBCrypto

Large wallet holders increased their share of total Bitcoin supply to approximately 68% while Bitcoin hovers near $71,000.

AMBCrypto

According to Santiment data, wallets holding 10-10,000 BTC control 68.17% of Bitcoin's total supply, up from 68.07% seven days earlier.

Bitcoin was trading at around $71,470, up about 6% over the prior week.

This accumulation comes despite the crypto market's fear gauge hitting 15, deep in 'Extreme Fear' territory.

Large holders are viewing current price levels as attractive entry points.

The timing represents a significant shift in market sentiment among influential Bitcoin holders.

The recent whale behavior represents a dramatic reversal from their previous selling activity.

Just over a week earlier, large wallet holders offloaded 65-66% of Bitcoin accumulated between Feb 23-Mar 3.

Blockonomi

This mass exit coincided with Bitcoin briefly touching $74,000 before pulling back.

The sudden pivot from selling to accumulation caught many traders off guard.

Analysts view this as a significant bullish signal.

Santiment described the shift as 'a positive reversal' and 'a bullish signal'.

Large investors appear to recognize $71,000 as a potential support level.

Market analysts watch the relationship between whale accumulation and retail investor behavior.

“Table of Contents Bitcoin ETF inflowsremain robust despite recent price fluctuations, showing long-term institutional accumulation”

Blockonomi

Santiment emphasizes Bitcoin historically bottoms when ordinary investors sell, not when big money leaves.

'Markets rarely reward the majority consensus immediately,' according to Santiment.

Elevated retail participation could signal more downside rather than recovery.

Willy Woo warns Bitcoin remains 'solidly in the middle of its bear market' through long-range liquidity lens.

Santiment wants to see small wallet holdings decline while large wallet positions rise.

This would represent coins moving from 'weak hands to strong hands.'

Positive institutional flows provide a counterpoint to bearish sentiment.

US spot Bitcoin ETFs posted a five-day inflow streak of ~$767M in 2026.

Cryptonews.net

Sustained institutional interest adds complexity to the cloudy outlook.

Bitcoin gained 2.4% over five weeks while S&P 500 fell 2.2% and gold rose 3.7%.

Santiment attributes this divergence to Bitcoin's lack of ties to any single economy.

Bitcoin attracts holders looking outside traditional equities amid geopolitical conflicts.

The asset is increasingly viewed as a potential hedge in uncertain times.

Current market conditions present a complex landscape with divergent signals.

“Whale wallets ramp up Bitcoin buying as price hovers around $71K, according to on-chain data published by Santiment”

Cryptonews.net

Bitcoin is increasingly viewed as a potential hedge during geopolitical uncertainty.

CryptoRank

Santiment notes Bitcoin attracts holders looking outside traditional equities amid US-Israel-Iran conflicts.

Fear & Greed Index remains in 'Extreme Fear' at 15-16, but large holders are accumulating.

Sophisticated investors may see value at current price levels.

Long-term holder MVRV at -25% signals potential accumulation zone.

Current price could represent attractive entry for patient, long-term investors.