Wallets with balances from 1 BTC to 100 BTC were replenished by a total of 14,207 BTC over two weeks, Santiment stated.

The number of non-empty Bitcoin wallets decreased by approximately 108,700 after reaching a peak on October 16.

Analysts attribute these changes to accumulation by large holders and capitulation by retail investors.

Owners of Bitcoin wallets with balances from 1 BTC to 100 BTC accumulated more than 14,000 BTC over the past two weeks amid the fall in the price of the first cryptocurrency to $75,000, Santiment stated.

Smart-Money BTC Wallets Keep Buying The Dip While You Worry!

Bitcoin’s 1 to 10 BTC wallets have added 10,076 BTC over the past two weeks, while 10 to 100 BTC wallets added another 4,131 BTC. Accumulation has accelerated among these key stakeholders, while Bitcoin fell toward $75K.

These tiers often behave more patiently than smaller retail wallets, accumulating during fear and reducing exposure after strong rallies. More than 14K BTC moving into these cohorts during a major selloff is a bullish signal, especially if the trend continues while crowd sentiment remains heavily bearish.

$75K is the key price level to watch now. If BTC stabilizes there while 1 to 100 BTC holdings keep rising, a reclaim of $78K and then $80K would strengthen the case that smart-money accumulation helped form a local bottom. Falling below the recent lows while these wallets reverse and begin selling would weaken the signal. But historical probabilities point to key stakeholders usually being rewarded for going against the crowd.

Live Shark Wallet Tier Holdings Chart: https://t.co/O30znIMQZA

— Santiment Intelligence (@SantimentData) November 9, 2026

According to the company, wallets with balances from 1 BTC to 10 BTC were replenished by 10,076 BTC during this period. Another 4,131 BTC was added by addresses with balances from 10 BTC to 100 BTC.

Analysts noted that accumulation accelerated precisely during the decline in Bitcoin's price. In their opinion, such behavior may indicate that owners of these wallet categories are using the market downturn to increase their positions.

Santiment also drew attention to the fact that such investors usually behave more patiently than smaller market participants. They tend to accumulate assets during market fear and reduce risks after a strong rally.

The number of Bitcoin wallets decreased by 108,700

According to Santiment, on October 16 the number of non-empty Bitcoin wallets reached 59.99 million. Since then, the indicator has decreased by approximately 108,700 addresses. This occurred against the backdrop of another decline in Bitcoin's price below $75,000.

Analysts explained that a decrease in the number of non-empty wallets does not necessarily indicate a reduction in the utility of the network. During a prolonged market decline, small investors may consolidate assets or completely empty their addresses due to increased fear.

Santiment believes that such capitulation of retail participants has historically accompanied the formation of conditions for a subsequent recovery of the crypto market.

Experts named the $74,000-$75,000 range as an important zone for further observation. If Bitcoin holds at these levels and the number of coins in wallets with balances from 1 BTC to 100 BTC continues to grow, this could strengthen the assumption of a local bottom forming.

According to analysts' assessment, a return of the price to $78,000, and subsequently to $80,000, against the backdrop of continued accumulation would become additional confirmation of this trend.

Santiment named another factor as the reduction of Bitcoin reserves on crypto exchanges. According to the platform's data, the indicator decreased to approximately 1.28 million BTC.

At the same time, a fall below recent lows and a shift by owners of wallets with balances from 1 to 100 BTC to selling would weaken the positive signal. Analysts also emphasized that further price dynamics and the behavior of various categories of holders should confirm or refute the assumption of seller exhaustion.

Recall that in early November, experts stated that Bitcoin sellers were exhausted and the realized price of traders was being tested.