- Large wallets added 231 new accounts with 10+ BTC over 10 days, showing growing interest from bigger investors.
- Small wallet holders exited positions as 37,465 addresses with up to 10 BTC dropped from the market.
- Michael Saylor remains committed to Bitcoin despite its recent dip, promoting it as a tool for financial independence.
Bitcoin experienced a sharp drop in the past 24 hours, falling from $106,150 to nearly $103,400. This 2.33% decline marked a notable pullback following its brief attempt to retest the $106,000 level after rising from $104,280. The total drop from Monday’s high of $108,850 now stands at 4.87%.
Despite the downward price movement, Michael Saylor, the executive chairman of Strategy, reaffirmed his long-standing support for Bitcoin. On Friday, he posted a digitally rendered image inspired by The Matrix, stating that “tickets to escape the matrix are priced in Bitcoin.” The image aligns with his ongoing messaging about Bitcoin’s value proposition.
Philosophies of BTC: Contrasts in the community contrast
Whereas Saylor invoked The Matrix as an analogy to market Bitcoin, he is not as libertarian-oriented in custody methods as other members in the industry. He has been an open opponent of the conviction that self-custody is the sole form of holding Bitcoin that is acceptable. Rather, he promotes flexibility by encouraging institutional and personal choices to custody. His earlier remarks raised criticism, and this is why he had to state that everyone has to adopt his/her way of storing.
Current on-chain data offered by Santiment indicates an increased disparity between massive and small Bitcoin holders. Over the last 10 days, there are 231 new wallets that have held 10 BTC or even more. It is an increment of 0.15 percent and indicates that bigger players are still accruing.
In the meantime, there was a decrease of 37,465 (but also a 0.15% difference) smaller wallets with 0.001 to 10 BTC. This is because the trend is towards small-time investors going out of the stock markets as bigger players are active and upbeat.
Santiment analysts believe the current pattern—selling pressure from smaller wallets and steady buying by large holders—historically aligns with bullish market conditions. Although Bitcoin has pulled back from recent highs, this shift in wallet activity may signal a setup for future gains.
