Whale Wallets Ramp Up Bitcoin Buying Near $71K
Bitcoin whale accumulation is back in focus as BTC trades near $71,000 and on-chain data points to renewed buying from large holders. According to Santiment, wallets holding between 10 and 10,000 BTC totaled 151,820 and added 79,244 BTC over the prior week. That makes the latest move notable because it suggests larger participants were increasing exposure while Bitcoin remained in the low-$71,000 range rather than chasing a breakout after the fact.
Bitcoin whales are buying again as BTC holds near $71K
In this context, whale wallets refer to addresses holding 10 to 10,000 BTC, a cohort that often gets watched for signs of conviction from larger market participants. Santiment’s data does not prove an immediate rally is coming, but it does show that this holder band was accumulating aggressively. With Bitcoin priced at about $71,573.28 in the research set, the buying stands out because it happened while price was relatively stable instead of during a panic spike or euphoric surge.
That distinction matters. When large wallets add coins during a consolidating market, analysts often read it as a sign of positioning beneath the surface. It is still a signal, not a guarantee, and the exact headline framing that this same 10 to 10,000 BTC cohort resumed accumulation specifically at the current $71,000 zone is only partially verified in the underlying brief. Even so, the Santiment figure gives the story a solid factual base: large Bitcoin holders were buying meaningfully over a one-week stretch.
What the on-chain data says about demand under the surface
The broader market backdrop helps explain why this accumulation is drawing attention. CoinGecko data in the brief showed Bitcoin at roughly $71,573.28, up 1.4% over 24 hours, with a market cap near $1.432 trillion and daily trading volume around $22.63 billion. Those figures point to a large, liquid market that is still seeing healthy activity, even if price action remains cautious rather than explosive.
At the same time, the mood signal looks far weaker than the whale data. The Crypto Fear & Greed Index stood at 15 on March 15, 2026, a reading labeled Extreme Fear. That contrast is what makes the setup interesting: retail sentiment and headline mood can stay fragile while bigger holders quietly build positions. On-chain accumulation can suggest underlying demand, but it should not be treated as proof that a breakout will happen on schedule.
The research also included secondary reporting from crypto.news, which cited CryptoQuant data showing 66.94k BTC flowing into accumulator addresses on February 6, 2026 while Bitcoin traded near $71,300. That supports the idea that dip-buying interest has appeared around this zone, although the direct CryptoQuant source was not accessible in the evidence set. For that reason, the accumulator-flow figure is better used as supporting context than as the main pillar of the article.
Why traders are watching this whale accumulation signal closely
Historically, whale accumulation has often been viewed as a constructive signal because larger holders tend to scale in during periods of uncertainty rather than after obvious upside has already arrived. Still, that pattern is not a rule. Big wallets can accumulate early and still sit through sharp volatility, and not every period of whale buying leads directly to a sustained move higher.
That is especially important here because the current $71,000 framing is only partially verified. The strongest direct source is Santiment’s report that the 10 to 10,000 BTC cohort added 79,244 BTC over one week. What remains less certain is whether the exact same cohort-level trend can be tied cleanly and exclusively to the present $71,000 range without relying on additional primary-source charts. A careful read is that whale behavior looks supportive, but the evidence does not justify overstating the signal.
For traders and investors, the practical watch points are straightforward. First, monitor whether wallets in the 10 to 10,000 BTC band continue accumulating in fresh on-chain updates. Second, watch whether Bitcoin can keep holding support around the low-$71,000 area instead of slipping back into a deeper correction. Third, keep an eye on whether sentiment improves from extreme fear, because a healthier mood combined with continued accumulation would give the bullish case more depth than either signal would on its own.
For now, the cleanest conclusion is narrow: Bitcoin whale accumulation has returned to the conversation, and the verified Santiment data shows meaningful buying from larger holders while BTC trades near $71,000. That does not guarantee the next leg up, but it does suggest that some of the market’s biggest participants are treating this zone as worth accumulating.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
