Santiment: Retail investors continue to increase their Bitcoin holdings, but whale sell-offs may suppress rebound potential

DeepFlowTech · 2026-02-21T05:21:37+00:00

Recent reports show that since October last year, small wallets holding less than 0.1 Bitcoin have increased by 2.5%, while large holders with 10 to 10,000 coins have decreased their holdings by 0.8%. Bitcoin's price has been fluctuating around the mid-$60,000 range, with retail investors supporting the market, but the risk of a rebound still exists if large holders do not cease selling.

DeepFlowTech

2026-02-21 05:21:37

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Deep Tide TechFlow News, February 21, According to CoinDesk, on-chain data platform Santiment shows that since Bitcoin reached its all-time high last October, small wallets holding less than 0.1 BTC (usually considered retail investors) have increased their holdings by approximately 2.5%, with their share of supply rising to the highest level since mid-2024. In contrast, the overall holdings of “whales” (large holders such as sharks and whales) with 10 to 10,000 BTC have decreased by about 0.8%. This structural divergence often leads to volatile price movements, preventing the formation of a clear trend.

Currently, Bitcoin’s price is fluctuating around the mid-$60,000 range. Market opinions suggest that retail buying can provide some “bottom support” and short-term momentum, but for a sustainable rebound, large holders need to stop distributing and even turn to net accumulation. Analysts believe that Bitcoin is not lacking retail participation at present; the key is whether whales will cease selling pressure and shift toward structural buying. Otherwise, each rebound may face the risk of being sold at high levels.

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