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$BTC Whales Resume Buying at $71K, Santiment Reports

Wallets holding large amounts of $BTC have returned to accumulation as Bitcoin trades near $71,000, according to crypto analytics platform Santiment. Wallets in the range of 10 to 10,000 $BTC now hold 68.17% of the total Bitcoin supply. That figure was 68.07% seven days earlier. Santiment described the shift as a "positive reversal" and called it a bullish signal. #Bitcoin

The platform said a confirmed local market bottom would require an additional condition. Retail wallet holdings would need to decline at the same time as whale holdings continue to rise. That pattern would indicate a transfer of coins from smaller, less committed holders to larger ones. Historically, Bitcoin has bottomed when everyday investors begin selling out of discouragement rather than buying with optimism. #BTC

The Crypto Fear & Greed Index registered 16 on Sunday, placing market sentiment in the Extreme Fear category. Bitcoin was trading at $71,350 at the time, up 6.30% over the prior seven days. #crypto

The current behavior is a reversal from activity recorded just over a week earlier. On March 6, Santiment reported that whales had sold 66% of the $BTC they had accumulated between Feb. 23 and March 3. That selling coincided with Bitcoin pushing past $70,000 and briefly touching $74,000.

Santiment cautioned that continued buying by retail investors would argue against a confirmed bottom rather than in favor of one. "Historically, markets tend to bottom when the crowd loses hope," the platform said. On-chain analyst Willy Woo described Bitcoin as "solidly in the middle of its bear market through a lens of long-range liquidity" in a recent statement. #cryptocurrency #marketanalysis

U.S. spot Bitcoin ETFs recorded their first five-day inflow streak of 2026 this week, pulling in approximately $767.32 million across that period.