TLDR Bitcoin fell 3% in 24 hours and briefly touched the $63,000 level. Wallets holding 10 to 10,000 BTC added 19,696 BTC in eight days. Small retail wallets showed weaker buying activity dur
Bitcoin price turned lower on Monday after showing strength. The asset fell 3% over 24 hours and briefly touched $63,000. Despite the decline, data shows that large holders continued to add coins during the pullback.
Santiment reported that wallets holding between 10 and 10,000 BTC bought 19,696 BTC over eight days. Smaller wallets holding less than 0.01 BTC showed weaker buying activity. The shift suggests that retail demand has slowed while larger investors remain active.
Bitcoin’s key stakeholders are accumulating. Wallets holding 10 to 10K BTC added 19,696 BTC in just the past 8 days.
Micro retail demand is cooling. Sub-0.01 BTC wallets are showing less dip-buying urgency, which often means late retail noise is fading.
This… pic.twitter.com/Vr8XyLuNfK
— Santiment Intelligence (@SantimentData) July 27, 2026
The Bitcoin price decline has not stopped large holders from building positions. Santiment described the market setup as constructive because supply appears to be moving toward stronger holders.
Bitcoin exchange-traded funds also recorded more than $222 million in inflows during July. These inflows arrived while prices remained under pressure. Combined with whale buying, the activity shows that some investors still see value at current levels.
Swissblock said Bitcoin remains in a consolidation phase called a “Bullish Transition.” The firm said a past transition lasted 40 days before a recovery began. The current phase has lasted about 30 days.
Source: X
The market must keep its bottom signal before entering a stronger recovery. Swissblock noted that these periods often remove short-term traders from the market. They can also test demand before prices move higher.
Bitcoin held on exchanges has dropped by about 78,000 BTC over six months. Exchange balances fell from 2.783 million BTC to 2.705 million BTC. The total is now near the lowest level of the current cycle.
CryptoQuant said investors usually send coins to exchanges during capitulation. Instead, holders have continued moving Bitcoin into self-custody. That pattern points to long-term holding rather than broad selling.
BSCN reported that two large wallets withdrew 6,765 BTC from Binance on Monday. The coins were worth about $441.34 million. Both transfers took place within the same hour.
Massive Bitcoin Exodus From Binance…
Two newly identified institutional-scale wallets withdrew 6,765 $BTC from Binance in a coordinated move valued at $441.34M.
The transactions occurred within the last hour, signaling a significant migration of spot liquidity from… pic.twitter.com/dVm42TuZDj
— BSCN (@BSCNews) July 27, 2026
The withdrawals moved spot liquidity from Binance into private storage. Lower exchange supply could support stronger price moves if demand rises. However, a sustained increase in the seven-day netflow average could signal new selling and raise the risk of a move toward $58,000.
The post Bitcoin Price Setup Turns Constructive as Whales Accumulate appeared first on Blockonomi.
