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Bitcoin Accumulation Trend Strengthens as Whales and Retail Add Holdings Amid Price Dip

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Bitcoin whales accumulated over 61K BTC in one month despite price hovering near key support levels
  • Retail wallets matched whale accumulation pace, adding nearly 0.42% to holdings during market dip
  • Historical trends show rallies often start when whales buy while retail sells, not current pattern
  • Traders focus on $67K to $69K levels as Bitcoin remains range-bound with short-term setups forming

Bitcoin accumulation trend remains active as large and small holders continue adding to positions despite recent price weakness near the $68,000 level.

Data from Santiment shows coordinated accumulation across key wallet tiers, even as short-term price action stays range-bound.

This pattern reflects steady positioning during uncertainty, with market participants responding differently across timeframes while maintaining exposure to Bitcoin.

Whale and Retail Wallets Move in Parallel

Santiment data shows that wallets holding between 10 and 10,000 BTC added 61,568 BTC over the past month. This represents a 0.45% increase in holdings during a period of price retracement.

The accumulation occurred while Bitcoin briefly traded near $68,100, indicating sustained interest from larger market participants.

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At the same time, smaller wallets holding less than 0.01 BTC also increased their holdings. Retail participants recorded a 0.42% rise over the same timeframe.

This places both cohorts on nearly identical accumulation paths, which is not always typical in similar market conditions.

Santiment shared this data publicly, noting that both whales and retail continue to accumulate despite macroeconomic uncertainty.

The firm also pointed out that historical cycles often behave differently. In previous cycles, strong upward moves followed periods where large holders accumulated while retail reduced exposure.

The current structure, therefore, presents a mixed signal. While accumulation is ongoing, the alignment between retail and large wallets suggests a more complex market phase. Price movement remains constrained, with no clear breakout confirmed yet.

Short-Term Trading Levels Remain in Focus

Market participants are also watching short-term price levels closely. Trader Lennaert Snyder outlined a cautious approach in a recent update.

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He noted that Bitcoin is trading near the previous weekly low around $67,360, limiting late short opportunities.

According to his plan, short positions may only be considered after specific liquidity events. These include reactions near the $68,955 level or after addressing an imbalance around $86,399. Entry confirmation would rely on lower timeframe signals such as M15 engulfing patterns or structure breaks.

His commentary reflects a tactical approach to current price action. Rather than chasing moves, traders are waiting for confirmation signals before entering positions. This aligns with the broader range-bound structure seen in recent sessions.

At present, Bitcoin continues to trade within a narrow band, with both bullish and bearish setups dependent on key levels.

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While accumulation data provides context, short-term execution remains driven by technical confirmation. As a result, market participants are balancing long-term positioning with immediate price reactions.

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Crypto World

Foundation Shuts Down NFT Marketplace After Failed Sale

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Foundation Shuts Down NFT Marketplace After Failed Sale

Foundation, one of the better-known Ethereum-based non-fungible token (NFT) marketplaces of the 2021 boom, is shutting down after the sale that was supposed to keep it operating fell apart.

Kayvon Tehranian, Foundation’s founder and CEO, took to X on Wednesday to announce the marketplace’s closure following a failed acquisition by the digital art distribution platform Blackdove.

Although Tehranian did not directly mention Blackdove, he said the original goal of the sale was to ensure the platform would continue operating under new ownership. “That’s no longer possible,” he said, adding that Foundation is not in a position to bring the marketplace back online.

Foundation later said the site would briefly return so users could delist NFTs, in a message signed by the Blackdove team.

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Source: Foundation

The shutdown underscores the ongoing decline in NFT trading activity since the 2021 boom, as lower liquidity has left fewer independent marketplaces able to survive.

Foundation rose in the 2021 boom

Foundation was launched in early 2021, capturing a massive year for tokenized digital art, when some NFTs sold for as much as $69 million apiece.

According to Blackdove, the platform facilitated more than $230 million in primary sales for artists around the world, hosting NFT sales for artists like Jen Stark, James Jean and Reuben Wu.

Foundation also became a venue for digital art by US whistleblower Edward Snowden, whose NFT piece “Stay Free” sold for about 2,200 Ether (ETH) in 2021, worth roughly $5 million at the time.

Source: CozomoMedici

As broader NFT activity cooled after peaking in 2022, platforms like Foundation faced shrinking liquidity and fewer sustainable transaction flows. Blackdove initially announced Foundation’s acquisition in early 2025, with the platform announcing transitioning ownership a year later.

NFT market consolidation deepens

Foundation’s closure adds to a growing list of NFT platforms that have shut down or pivoted away from trading digital art recently, with the sector’s market cap falling back to pre-hype levels seen in 2021 as of February 2026.

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Mint Blockchain, an NFT-linked infrastructure network built on Ethereum, also announced Friday that it has ceased operations and instructed users to withdraw assets.

This year alone, at least two other NFT platforms announced they were winding down operations, including Gemini exchange-backed Nifty Gateway and the social NFT platform Rodeo.

Top 10 NFT marketplaces by volume. Source: DefiLlama

MakersPlace shut down amid declining NFT activity last year, while X2Y2 wound down and pivoted away from NFTs. Crypto exchange Bybit has also closed its NFT marketplace as trading volumes fell.

Related: Yuga Labs settles lawsuit against artists accused of copying its NFTs

OpenSea has remained the dominant NFT marketplace despite the broader downturn, accounting for more than 73% of all activity across the sector at publishing time, with competition from rivals such as Blur, according to DefiLlama.

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Despite the sharp decline in NFTs, some industry figures, including Animoca Brands chairman Yat Siu, predicted that the sector could recover and reach new all-time highs.

Magazine: Your guide to surviving this mini-crypto winter