Over the weekend, volatility across the broader cryptocurrency market was playing hard to get, and Bitcoin wandered back down to the $86,000 mark like a celebrity who forgot their club promo code. Even with the bearish vibes in the air, buying activity is picking up speed, especially among the big-wallet crowd.
Bitcoin’s Largest Wallets Show Conviction
Bitcoin’s price is doing a dramatic, moody thing, like a character who’s always on a dramatic bounce. Despite the chaos, bullish vibes linger among investors. In this unstable mood, the whales-those deep-pocketed folks-are popping back into the scene with a “we’re not scared” swagger.
Santiment, the brainy data folks, says these major players are building positions at a steady pace, even as the market mood suggests the hangover of a thousand coffee cups. Historically, whale accumulation tends to show up in uncertain times when prices don’t fully reflect the underlying confidence. Translation: rich folks know something we don’t want to admit we don’t know.
Santiment noted that the shopping spree is among wallet addresses holding over 1,000 BTC. After months of steady buying, that group has now accumulated about 104,340 BTC, which is up more than 1.5%.
Thanks to this latest haul, the investors’ total holdings are now roughly 7.17 million BTC-the highest since September 15, 2025. These wealthy investors are quietly taking available supply rather than selling into the latest swoon, signaling confidence in Bitcoin’s medium- to long-term potential.
Meanwhile, whale transactions are surging. Santiment adds that transfers over $1 million per day have exploded, hitting a two-month high-because nothing says “I’m in this for the long haul” like juggling seven-figure transfers on a Tuesday.
A Continued Drop In BTC Open Interest
Open interest keeps dropping as price slides, which sounds less like a triumphant rally and more like a wardrobe malfunction at a red-carpet event. Market expert Darkfost notes that open interest is steadily declining, which doesn’t scream “new trend,” at least not on a weekly basis.
Since November, this metric has been generally negative, with only a brief, misguided uptick earlier this month followed by a price move that reminded everyone why volatility is basically kryptonite for the faint of heart.
In general, when open interest climbs, it usually signals trend continuation or reversal as long positions pile in. And yes, funding rates often confirm that-because nothing says “trust the charts” like a roller-coaster full of numbers and nerves.
On Sunday, as BTC moved through a steady correction, deleveraging also picked up. Short-term bear vibes, yes, but these cleanouts help purge excessive leverage from the system. The bottom line: futures remain the main source of volume, so watching those markets is still a smart move.
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2026-01-26 18:06