Bitcoin may have fallen below $75,000, but wallets holding 1 to 100 BTC kept buying over the past two weeks. Smaller holders, meanwhile, are leaving the network, and Strategy added more coins.
Bitcoin continues to trade weakly and may have fallen below $75,000, yet some larger holders aren't backing away. According to Santiment, wallets holding between 1 and 10 BTC have accumulated 10,076 coins over the past two weeks.
Larger wallets keep adding
Wallets holding 10 to 100 BTC added another 4,131 coins in the same period. Together, the two groups bought more than 14,000 BTC while the market was under pressure. Santiment said this kind of accumulation during a sell-off could be a positive sign, particularly as retail sentiment remains heavily bearish.
The $75,000 level is now worth watching closely. If Bitcoin holds above it and these wallets keep adding, a move back towards $78,000 and $80,000 could strengthen the case for a local bottom. However, a break below recent lows, followed by selling from these holders, would weaken that outlook.
Smaller holders leave the network
The patience of small holders is being tested. Santiment reported a loss of nearly 109,000 non-empty BTC wallets. The wallet count had reached 59.99 million on October 16, narrowly missing the 60 million mark, and around 108,700 wallets have disappeared since.
This doesn't necessarily point to declining network activity, because smaller investors often consolidate holdings or empty their wallets during prolonged market downturns. According to the findings, such retail capitulation has historically appeared ahead of major recoveries.
Strategy buys another 1,036 BTC
On the corporate side, Michael Saylor's Strategy added another 1,036 Bitcoin, spending approximately $81.9 million between November 2 and November 8, 2026. The purchase came at an average price of $79,012 per BTC and took total holdings to 850,364 units.
Strategy has now invested around $64.16 billion in its Bitcoin treasury, at an average purchase price of $75,456 per unit.
Source: CryptoPotato
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