Santiment: Bitcoin "whales" continue accumulating during the downtrend

GateUser-6433627c · 2026-01-21T05:46:47+00:00

On January 21, the analysis platform Santiment stated that Bitcoin's price retreated to $89,400. Despite the price decline, "whales" and "sharks" continued to accumulate, while "shrimp" holding small amounts of BTC were reducing their holdings. This capital flow indicates that the market may be in the phase of "smart money" accumulating while retail investors sell off, building a long-term bullish signal.

GateUser-6433627c

2026-01-21 05:46:47

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January 21, the crypto market analysis platform Santiment posted data on social media indicating that Bitcoin’s price has fallen back to $89,400, while gold and silver continue to surge. Nevertheless, Bitcoin’s “whales” and “sharks” are still actively accumulating. “Whale” addresses holding 10-100,000 BTC: increased by 36,322 BTC (+0.27%) over the past 9 days. “Shrimp” addresses holding less than 0.01 BTC: decreased by 132 BTC (-0.28%) over the past 9 days. Santiment stated that the best time for a breakout in crypto assets often occurs when “smart money” is accumulating while retail investors are selling. Aside from geopolitical factors, this capital flow pattern is continuously building a long-term bullish technical divergence.

BTC1,07%

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