Bitcoin Whale Wallets Hit 3.5-Month High as Smart Money Accumulates
According to on-chain data from Santiment, the number of Bitcoin wallets holding at least 10 BTC has reached a 3.5-month high, a sign that whale and shark investors are steadily accumulating through recent market volatility.
As of this week, Bitcoin’s network now counts 152,280 wallets with 10 or more BTC — a threshold representing roughly $1.07 million per wallet at current prices. This is the highest total seen since March 12, marking a strong resurgence in large-scale holdings.
Smart Money Buying Into Volatility
Santiment highlights that this increase in whale wallet count has occurred during periods of retail-driven selloffs, suggesting institutional and high-net-worth investors are taking advantage of price dips.
“Smart money has shown up during panic cycles,” the platform noted, referring to past instances where whales accumulated just as retail holders were exiting.
Historically, rising whale wallet counts have preceded major rallies or signaled strong support during consolidation phases. Their current activity reflects a vote of confidence in Bitcoin’s long-term outlook, even amid uncertain short-term price action.
Conclusion: Silent Accumulation Beneath Market Noise
While retail sentiment has been shaky, large holders have continued to buy quietly and consistently, reinforcing the foundation for a potential continuation of the bull cycle. With whale activity climbing and long-term supply metrics rising (as noted in other recent reports), Bitcoin’s underlying support base appears stronger than ever.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
