- Bitcoin sees its highest daily growth in large wallets since February as investors accumulate amid post-tariff pause uncertainty.
- Both retail and whale wallets increase in tandem, signaling a unified market move to buy the dip during heightened volatility.
- Surge in wallet activity hints at growing confidence and potential price stabilization despite ongoing resistance and market pressure.
As per Santiment, most investors reacted to Bitcoin price movements following Trump’s announcement of a 90-day tariff truce. Over the past 24 hours, new Bitcoin wallets with more than 10 BTC have been added to the count of 132. This is the biggest bump in a 24-hour period in terms of addresses created by whales and sharks since February 20.
Retail and Whale Wallets See Parallel Growth
Additionally, the number of wallets holding less than 10 BTC has also risen. This simultaneous growth from retail and institutional investors is significant. The orange line tracks wallets with more than 10 BTC, showing a sharp upward move.
Meanwhile, the purple line representing smaller wallets also trends higher. Consequently, both groups appear to be buying the dip. The increase in wallet numbers directly follows a short-term recovery in price, suggesting accumulation behavior is underway.
Moreover, this spike happens when there is a lot of volatility. Following several unsuccessful attempts to maintain upward momentum, the price of Bitcoin has changed. However, the latest increase in wallet accumulation may reflect a shifting sentiment. Retail participants, alongside larger investors, are re-entering the market, potentially setting the stage for a price floor.
Volatility Remains But Demand Strengthens
Bitcoin continues to face resistance near key levels, preventing a solid upward breakout. Besides, the broader market has shown persistent selling pressure from major players. Despite this, accumulation by whales and smaller holders may indicate a subtle but important transition. The increase in wallet numbers historically correlates with stabilization or recovery in Bitcoin’s price.
This behavior mirrors prior patterns seen during market turning points. Although the overall trend remains uncertain, on-chain metrics suggest that demand is strengthening. Hence, the rising number of active wallets becomes a crucial indicator of long-term sentiment.
