Bitcoin wallets holding 1-100 BTC add 14,207 BTC over two weeks: Santiment

Wallets holding one to 10 BTC and 10 to 100 BTC accumulated about 14,207 BTC over the past two weeks, according to on-chain analytics firm Santiment. Santiment said buying by small- and mid-sized holders has continued despite Bitcoin’s price decline and worsening sentiment among retail investors. Based on historical probabilities, Santiment said major investors who moved against the broader market have generally been profitable. At the same time, it said sentiment among smaller retail investors is nearing its limit, with the number of addresses holding over 0 BTC down by about 109,000 from Oct. 16. Ironically, Santiment added, past waves of retail capitulation have often preceded major market recoveries.