Big Bitcoin holders are quietly stacking up more coins even as prices wobble, according to blockchain tracker Santiment — a trend that could matter for the market if macro pressure eases. What happened - Wallets holding at least 1,000 BTC added a combined 104,340 BTC in recent weeks, a roughly 1.5% increase that pushed total supply in those wallets to 7.17 million BTC — the highest level since September 15, 2025. - Mid-sized holders (10–10,000 BTC) also bought, adding about $3.21 billion of Bitcoin between January 10 and January 19. - Small retail wallets moved the other way, selling roughly 132 BTC (about $11.66 million) in the same window. Why it matters Santiment notes that large transfers of $1 million or more have climbed to a two-month high, a pattern commonly linked to institutions and high-net-worth investors shifting coins between custody providers, exchanges, and private wallets. Some of these moves are strategic allocations; others are custody or security-driven — either way, more BTC concentrated in whale hands changes where supply sits and can reduce immediate sell-side liquidity. Market context Despite the on-chain accumulation, price action has been subdued. Bitcoin traded near $87,730 at one point, bouncing between roughly $86,500 and $87,500 intraday. The coin was down about 0.5% over 24 hours and roughly 5.4% over the prior week, though trading volumes have ticked up — a sign some buyers are stepping in at current levels. Outlook On-chain flows suggest a patient base is forming under the market, which could support a future rally if external conditions improve. But prices are influenced by more than coin movements: ongoing geopolitical and political risks are keeping investors cautious. Santiment and market watchers point to heightened geopolitical tension — including reports of US warship movements and elevated market odds of a US strike on Iran by June — as well as trade friction with Canada and a high probability of a US government shutdown, all of which can weigh on risk appetite and volatility. Bottom line Whales and mid-sized holders are increasing exposure, reducing liquid supply, and signaling conviction beneath the surface. For that bullish signal to translate into a sustained rally, macro headwinds will need to calm — until then, accumulation at the top end of the market may provide support without immediately translating into higher prices. (Chart referenced by Santiment: https://t.co/CJOfiOBbWU) Read more AI-generated news on: undefined/news

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