Bitcoin Whales Added 85,000 BTC in Three Weeks as Price Slid

According to BlockchainReporter, wallets holding between 10 and 10,000 Bitcoin added more than 85,000 coins over roughly three weeks during October's pullback. Reporting by BlockchainReporter notes that Santiment data showed the number of wallets in this cohort reaching an all-time high of 20,338 on October 15. The buying accompanied a price slide from an October 4 high near $87,000 to about $80,000 on October 8, with Bitcoin sitting near $81,600 at the time of recording, down roughly 6% from that high. BlockchainReporter highlights that Santiment compared this rare accumulation pace to mid-April 2026 and late November 2025 through mid-January 2026. Additionally, addresses holding 0.01 BTC or less have risen for most of the year, showing simultaneous buying across large and small cohorts. Santiment noted that past rallies usually required retail selling into large-wallet buying rather than both sides accumulating together. Valuation metrics showed the 30-day MVRV ratio falling to about -1.6%, while the 365-day reading sat near -0.48%. BlockchainReporter reported that follow-through remains critical, with potential rate hikes and US midterm-election uncertainty keeping markets range-bound.