Santiment: Bitcoin Whales Accumulated 86,702 BTC Over Three Weeks

Published: October 8, 2026 – 09:27 UTC

Wallets with balances from 10 BTC to 10,000 BTC increased their holdings by 86,702 BTC over three weeks.
Their combined holdings reached the highest level since April 23.
Over the past day, 24,073 BTC was withdrawn from crypto exchanges — the highest level in seven months.
Against the backdrop of accumulation by large holders and shrinking exchange reserves, Santiment sees signs of strengthening bullish sentiment.

Large bitcoin holders continue to accumulate near $90,000, while smaller traders are taking profits. This is indicated by data from the analytics platform Santiment.

Key Bitcoin Whale Wallets Keep Buying Near $90K Bitcoin’s key stakeholders are AGGRESSIVELY loading up. Wallets holding 10 to 10,000 BTC have added 86,702 $BTC in just three weeks, pushing their collective holdings to the highest level since April 23rd. Historically, these larger wallets (shown in green) have correlated closely with Bitcoin’s price, while tiny wallets holding less than 0.01 BTC (shown in red) tend to move in the opposite direction. Right now, whales and sharks are accumulating while retail traders are showing major signs of profit-taking. This combination leans bullish. Strong hands are adding BTC while smaller traders sell into the rally, a pattern that has often favored continued price appreciation. A break above $90K sooner rather than later looks increasingly realistic, but there are never guarantees in crypto. Our Live Key vs. Retail Holdings Dashboard: https://t.co/a2k1wfvUsz
— Santiment Intelligence (@SantimentData) October 6, 2026

According to Santiment, wallets holding between 10 BTC and 10,000 BTC have collectively purchased 86,702 BTC over the past three weeks. As a result, their total holdings reached the highest level since April 23.

Analysts noted that large wallets have historically shown a close relationship with bitcoin’s price action. Meanwhile, the smallest wallets with balances below 0.01 BTC often move in the opposite direction.

At the moment, whales are increasing their holdings, while smaller market participants are taking profits. Santiment believes this behavior could create favorable conditions for further growth.

More Than 24,000 BTC Withdrawn From Exchanges

An additional positive signal was the decline in bitcoin reserves on cryptocurrency exchanges.

On Monday, October 5, net outflows totaled 24,073 BTC — the largest single-day outflow in the past seven months and the highest since March 1, Santiment noted.

Experts added that, against this backdrop, the share of bitcoin held on exchanges fell to around 6.5% of the total supply.

Withdrawals of coins from exchanges are typically seen as a positive signal for the market, as assets become less available for immediate selling. If demand holds, a reduction in liquid supply could increase upward pressure on price, analysts explained.

Santiment suggests that investors may be moving bitcoin into long-term storage rather than preparing it for sale.

At the same time, analysts stress that exchange outflows alone do not guarantee price growth. However, in Santiment’s view, simultaneous accumulation by large holders and shrinking exchange reserves create a more favorable market structure.

At the time of the analysis, bitcoin was holding near $84,000, while Santiment sees a breakout above $90,000 as increasingly realistic in the short term.

As a reminder, Grayscale previously said that without the 10 best days, bitcoin’s three-year return would have dropped to 27%.

Сообщение Santiment: Bitcoin Whales Accumulated 86,702 BTC Over Three Weeks появились сначала на INCRYPTED.

Source: Incrypted