Bitcoin Whales Buy 10,000 BTC as Fear Hits February Lows
Bearish sentiment on social media reached its lowest point since February 28 as Bitcoin traded near ₱4,068,625 ($67,400), prompting major wallets to shift into accumulation mode.
Key Takeaway
Whales buy when fear peaks — 10,000 BTC accumulated as retail sentiment hits February lows.
Market pundit Ali Martinez shared on-chain data Saturday showing Bitcoin whales have entered accumulation mode again. The metric tracks wallets holding between 100 and 10,000+ BTC.
The buying happened as bearish discussions spiked across social media. Analytics firm Santiment reported a ratio of 0.81 bullish comments per 1.00 bearish comments on Saturday — the lowest since February 28. Bitcoin traded near ₱4,068,625 ($67,400) as of this writing, up roughly 1% in the past 24 hours.
When whales actively increase their holdings, it suggests rising market confidence and expectations of a price increase. Futures whales have been buying dips while spot whales steadily purchase on exchanges, showing discipline that contrasts with retail emotional reactions. Net inflows to addresses holding 1,000 to 10,000 BTC and outflows to cold storage signal long-term conviction.
The high level of fear, uncertainty, and doubt may indicate a Bitcoin turnaround sooner than expected. Spot Bitcoin ETFs recorded ₱79.68 billion ($1.32 billion) in net inflows during March 2026, with firms like BlackRock and Fidelity absorbing retail selling. Elevated Bitcoin Whale Ratio and reduced Exchange Whale Ratio confirm decreased selling pressure.
Bitcoin has faced extended stagnancy throughout 2026. Whales accumulated 30,000 BTC in March alone and helped stabilize prices around key support levels amid macroeconomic volatility including the Iran war. Some whales have also diversified into altcoins this year, targeting early-stage protocols as Bitcoin gradually moves toward ₱4,829,228 ($80,000) resistance.
This article was written based on reporting from Bitcoinist.
