Retail Bitcoin Wallets Add 2.5% Since October ATH as Whale Holdings Fall 0.8%, Santiment Data Show

Santiment on-chain data show retail wallets holding less than 0.1 BTC have increased their share by about 2.5% since Bitcoin's all-time high last October, reaching the highest supply share since mid-2024, while large wallets holding 10 to 10,000 BTC have decreased by roughly 0.8%, BlockBeats reports on Feb. 21. Bitcoin is currently trading around $60,000. The analysis notes this divergence between retail accumulation and large-holder distribution typically coincides with volatile, directionless price action, with retail demand providing downside support and short-term upside impulse, though a durable rebound would require whales to shift from distribution to net accumulation.