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Bitcoin Whales Absorb Retail Panic Selling Amid Coldcard Fallout Wallets holding between 10 and 10,000 bitcoin:native added 19,610 Bitcoin since July 29, Santiment says. Small wallets holding under 0.01 BTC reduced their holdings over the same period. The shift follows the
Since July 29, wallets holding between 10 and 10,000 BTC added a total of 19,610 Bitcoin, while wallets holding under 0.01 BTC reduced their holdings, according to Santiment data.
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What happened
Since July 29, wallets holding between 10 and 10,000 BTC added a total of 19,610 Bitcoin, while wallets holding under 0.01 BTC reduced their holdings, according to Santiment data.
Confirmed
Global impact / market context
Large holders (whales) are buying the Bitcoin that small retail investors are selling, which can help stabilize price and signals that institutional‑type participants are stepping in during panic.
Analyst inference
The shift follows a Coldcard fallout that triggered panic selling among retail users, showing how technical issues can quickly move funds from small to large wallets in the crypto market.
Analyst inference
What to watch
- If more small wallets keep shrinking, the share of Bitcoin controlled by large holders will rise, potentially reducing market liquidity, which is the ease of buying or selling without large price moves. Analyst inference
- Future Coldcard or other hardware‑wallet incidents may cause repeat retail sell‑offs, testing whether whales keep absorbing the supply. Analyst inference
- Changes in whale accumulation rates could signal shifts in confidence among institutional investors, influencing Bitcoin’s price trajectory. Analyst inference
Affected assets
- BTC — Bitcoin