Bitcoin wallets holding between 1 BTC and 100 BTC accumulated 14,207 BTC over two weeks as the cryptocurrency’s price fell toward $75,000, Santiment said in a November 9, 2026, post. Santiment said continued accumulation by these holders could strengthen the case that a local bottom is forming, although further price action and wallet behavior would need to confirm that assessment.

Wallets holding 1 BTC to 10 BTC added 10,076 BTC during the period, while those holding 10 BTC to 100 BTC added another 4,131 BTC, according to the platform. Santiment said accumulation accelerated as bitcoin declined.

The platform said these wallet cohorts often act more patiently than smaller retail holders, accumulating during periods of market fear and reducing exposure after strong rallies. It described the movement of more than 14,000 BTC into the two groups during a major selloff as a bullish signal, particularly if accumulation continues while market sentiment remains heavily bearish.

Santiment identified $75,000 as a key level to monitor. It said stabilization around that price, combined with continued growth in holdings among wallets with 1 BTC to 100 BTC, could support a recovery toward $78,000 and later $80,000. A drop below recent lows accompanied by selling from the same wallet groups would weaken the signal.

The platform also said historical probabilities indicate that key stakeholders have often benefited from moving against broader market sentiment. Santiment linked to a live chart tracking holdings in the wallet tiers.

Non-empty wallet count declines

The number of non-empty bitcoin wallets reached 59.99 million on October 16 and has since fallen by about 108,700 addresses, according to Santiment. The decline occurred as bitcoin’s price again dropped below $75,000.

Santiment said a reduction in non-empty wallets does not necessarily indicate lower network utility. During an extended downturn, smaller investors may consolidate their holdings or empty addresses entirely as fear intensifies, the platform said.

According to Santiment, such retail capitulation has historically accompanied conditions that preceded a broader crypto-market recovery. Analysts identified the $74,000-to-$75,000 range as an important area to watch and said continued accumulation by wallets holding 1 BTC to 100 BTC could add evidence that sellers are becoming exhausted.

Santiment also cited declining bitcoin reserves on cryptocurrency exchanges, which it put at about 1.28 million BTC. However, the platform said subsequent price movements and the behavior of different holder groups would need to confirm or refute the local-bottom scenario.

In early November, experts had also said bitcoin sellers were becoming exhausted and that traders’ realized price was being tested.

Source: Incrypted