- Whales and sharks holding 10–10K BTC accumulated 83,105 BTC in 30 days
- Retail investors with less than 0.1 BTC dumped 387 BTC in the same period.
- Bitcoin’s daily trading volume jumped from $16 billion to over $27 billion amid US-China tariff breakthrough.
Large Bitcoin holders added more than 83,000 BTC to their wallets in the past 30 days, new data from Santiment shows.
This Bitcoin whale accumulation contrasts sharply with small retail wallets, which reduced their positions by nearly 400 BTC during the same period. The shift suggests growing confidence among whales as retail investors opt to sell, a key finding from Santiment’s on-chain BTC data.
Whales and Sharks Absorb Bitcoin Supply Amid Retail Profit-Taking
Wallets holding between 10 and 10,000 BTC, commonly referred to as whales and sharks, have increased their collective holdings by 83,105 BTC in the past month. This level of accumulation marks a notable shift in on-chain behavior, as these investors are positioning for a potential upward move.
Related: Bitcoin (BTC) Price Prediction for May 14
In contrast, wallets holding less than 0.1 BTC, typically individual or small-scale investors, have offloaded 387 BTC during the same period. The behavior among this group suggests profit-taking amid the ongoing uptrend, where Bitcoin’s price surpassed $105K.
Santiment highlighted the scale of these transactions, noting that both figures are significant in proportion to the total holdings of each group.
Macro Factors Like US-China Tariff Cuts Supports Whale Accumulation
Santiment suggested that recent macroeconomic developments, such as the pause in trade tensions between the United States and China, may have boosted investor confidence. This backdrop could be contributing to the steady accumulation observed among larger holders.
With whale activity rising and retail participation shrinking in terms of net holdings, Santiment believes Bitcoin may be positioning for a move toward its previous all-time high of around $110,000. This addresses why Bitcoin whales are buying and retail selling at current BTC price.
Crypto Trading Volumes Spike as US-China Tariff News Sparks Market Optimism
Meanwhile, crypto trading volumes have surged sharply following the announcement that the United States and China agreed to slash tariffs.
Data from Santiment reveals that Bitcoin’s daily trading volume jumped from approximately $15.9 billion on May 9 to over $27.2 billion by May 11. This marks a 71% increase in just two days. The daily trading volume now stands at $64 billion after a 38% rise in the past day.
The price of Bitcoin also climbed steadily during the same period. Bitcoin now trades at $102,508, following a 2.4% drop in the past day after rallying above $105,000 on Monday. The token has now experienced an impressive 21% rise in the past month.
Related: Crypto Asset Funds Draw $882M in Weekly Inflows as Bitcoin ETFs Surge
Altcoins, including XRP, Ethereum (ETH), Solana (SOL), and BNB, saw similar momentum. XRP led the surge in altcoin trading volume, rising from around $1.5 billion to more than $2.8 billion.
Other top tokens, including Ethereum, Solana, and BNB, also recorded notable spikes. Santiment said the volume uptick began shortly after the tariff announcement, indicating that macroeconomic developments were key in driving market activity.
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