Digital asset analytics firm Santiment says crypto whales just added billions of dollars in Bitcoin to their holdings.
In a new post on X, Santiment says Bitcoin whales, or those owning 1,000 to 10,000 BTC, now hold the most coins in nearly two months, as the largest crypto asset now trades above $74,000.
The firm also says the cohort abruptly accumulated tens of thousands of BTC ahead of the rally.
“Whales holding between 1K-10K Bitcoin now hold over 4.25M BTC (21.3% of the supply). This is the most coins they’ve held since mid-February. The 27,652 BTC added Sunday equates to just over $2 billion in accumulation.”
Bitcoin is currently trading at $74,445.
As for Ethereum, Santiment says it’s keeping an eye on the number of wallets owning 100,000 ETH. The crypto analytics firm says the climbing number of ETH whale wallets could be a sign that Ethereum can sustain its rallies.
“The number of Ethereum wallets holding at least 100K ETH has jumped from 54 to 57 in the past week. You can expect a level of correlation with price when this number grows, and there is strong justification that the #2 market cap can continue its rise.”
Ethereum is currently trading at $2,371.
Turning to stablecoin transactions, Santiment notes that usage of crypto assets pegged to the US dollar, USDT and USDC, has plummeted to the lowest level this year.
“BREAKING: The Ethereum network is seeing the lowest level of Tether & USD Coin address activity of 2026. This often happens during extended flat market performances, where coin prices are stuck in a tight range.
With Bitcoin making good momentum today and pushing toward $75K, expect for traders’ buying power to pick up a bit as they look to take more chances. More volatility means more ‘dry powder’ being moved.”
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