Larger Bitcoin Holders Buy the Dip, Adding Over 14,000 BTC in Two Weeks

Highlights:

• Larger Bitcoin holders accumulated 14,207 BTC over two weeks despite falling prices and continued weakness across the market.
• Santiment identifies $75,000 as a key level, with a possible recovery toward $78,000 and $80,000.
• Bitcoin lost nearly 109,000 non-empty wallet addresses since October 16 as smaller holders showed growing signs of impatience.

Larger Bitcoin holders have added more than 14,000 BTC to their wallets over the past two weeks, even as prices fell toward $75,000. Blockchain analytics firm Santiment reported that wallets holding between 1 and 100 BTC increased their balances during the market sell-off. The buying comes despite continued weakness in Bitcoin’s price and growing concerns among smaller investors.

In a November 9 post on X, Santiment said wallets holding between 1 and 10 BTC accumulated 10,076 BTC over the two-week period. Another group holding between 10 and 100 BTC added 4,131 BTC, bringing the combined increase to 14,207 BTC.

🚨 Smart-Money BTC Wallets Keep Buying The Dip While You Worry!

🐋 Bitcoin’s 1 to 10 BTC wallets have added 10,076 BTC over the past two weeks, while 10 to 100 BTC wallets added another 4,131 BTC. Accumulation has accelerated among these key stakeholders, while Bitcoin fell… pic.twitter.com/KtNKbeOlrb

— Santiment Intelligence (@SantimentData) November 9, 2026

Larger Bitcoin Holders Continue Buying Despite Market Decline

Santiment said accumulation has accelerated among these two wallet groups as Bitcoin struggles to recover from its recent losses. The firm noted that these investors often take a different approach from smaller traders. They tend to accumulate during periods of market fear and reduce their exposure when prices rise sharply.

Santiment described the recent buying as a potentially bullish sign, particularly if the trend continues while overall market sentiment remains negative. However, the increase in holdings does not guarantee an immediate recovery. Bitcoin still needs to stabilize, and sustained buying would provide stronger evidence that larger investors are supporting the market.

Bitcoin Could Recover Toward $80,000 if Buying Continues

Santiment identified $75,000 as an important level for Bitcoin to regain. If BTC moves back above that price and larger holders continue buying, it could climb toward $78,000 and eventually $80,000.

However, another drop below recent lows could put more pressure on Bitcoin, especially if larger holders start selling. Santiment noted that investors who buy during market downturns have often benefited from later recoveries, but it remains uncertain whether that will happen again.

At the time of writing, Bitcoin was trading around $74,550, up 0.44% over the previous 24 hours, according to CoinMarketCap.

Bitcoin Loses Nearly 109,000 Wallet Addresses as Smaller Holders Pull Back

Meanwhile, a separate Santiment report showed that Bitcoin’s non-empty wallet count has fallen by approximately 108,700 since October 16. The number reached 59.99 million that day, narrowly missing the 60 million mark. Since then, Bitcoin’s declining price has coincided with fewer addresses holding a positive BTC balance.

🚨 Bitcoin Loses 109K Wallets As Retail is Giving Up!

😰 Bitcoin reached 59.99M non-empty wallets on October 16th, somehow just coming up shy of the round 60M number. Since then, that total has fallen by roughly 108.7K wallets as BTC’s price has now dropped back below $75K and… pic.twitter.com/Dy4o66ibUb

— Santiment Intelligence (@SantimentData) November 10, 2026

Santiment attributed the trend partly to growing impatience among smaller holders. Some traders may have emptied their wallets, while others could have consolidated their Bitcoin into fewer addresses. However, a falling wallet count does not necessarily mean the same number of investors have left the market.

Historically, retail capitals have been observed before certain major recoveries in cryptocurrencies, the firm said. If Bitcoin’s price continued to drop and the number of unfilled addresses were decreasing, it would be even better. Santiment also noted that the supply of bitcoins held by exchanges is decreasing to approximately 1.28M BTC. This means there may be fewer coins available for trading on exchanges at the moment, but doesn’t necessarily mean that there’s less buying happening.