Whale Alert: 2,997 BTC Scooped up by This Key Holder Class

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In the early months of 2025, a specific group of Bitcoin owners have stealthily been accumulating more Bitcoins as the price remains significant.

In a recent analysis, Santiment, a company specializing in on-chain data, looked at the behavior of various Bitcoin wallet sizes on the network, indicating a generally inconclusive outlook for cryptocurrency trends over the upcoming weeks.

During a recent four-week pause in the upward trend of cryptocurrencies, we’ve closely examined the behavior of various Bitcoin wallet sizes across the network. Understanding how different tiers might influence events could be crucial for predicting what 2025 may hold.

— Santiment (@santimentfeed) January 13, 2025

As a researcher, I’ve been closely monitoring the Bitcoin market, and according to my findings from Santiment, substantial whale investors holding between 10 and 10,000 BTC have amassed approximately 2,997 Bitcoins since January 1, 2025. This accumulation suggests a growing confidence among these influential players in Bitcoin’s long-term potential.

The class of Bitcoin holders (ranging from 10 to 10,000 coins) is said to have profited the most during the recent bull market, as they strategically amassed Bitcoins while others sold in panic or tried to predict market peaks. Since October 1st, these holders have accumulated a staggering 257,000 BTC, and an additional 199,000 BTC since November 5th. Their accumulation slowed down towards the end of the year, but they still managed to add 2,997 BTC since January 1st, 2025.

Bitcoin wallets accumulating

Santiment’s analysis extends to tracking the activities of various Bitcoin wallets. Remarkably, wallets holding between 0.1 to 10 Bitcoins offloaded a staggering 84,521 Bitcoins from Oct. 13 to Dec. 27, primarily contributing to the whale and shark hoard as well as price surges. However, following this period, these wallets have since amassed approximately 5,604 Bitcoins.

For wallets containing small amounts of Bitcoin (up to 0.1 BTC), a recurring pattern was noticed during the bull run from October to December 24. Instead of holding on to their gains, these traders were frequently cashing out, sometimes prematurely, leading to a pattern of selling off. This trend ceased in the last few days of 2024. Since December 29, they’ve added approximately 585 BTC back into their holdings, attempting to “buy the dip.” However, this recent addition is minimal compared to their usual trading activities.

Santiment’s analysis also looks into the decrease in active Bitcoin wallets. From October 13th to the end of 2024, approximately 130,000 wallets became inactive, offering a solid reason for the subsequent bull run. Since that time, there has been a slight increase, with around 84,700 more active wallets added.

At the time of writing, Bitcoin was up 5.97% in the last 24 hours to $96,107.

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2025-01-14 19:28