- Bitcoin hit $112K after retail wallets dropped out, repeating a pattern where exits fueled large upside moves.
- Each sharp BTC rally followed a dip in small holder activity, with whales stepping in as retailers pulled back.
- Price surged after network participation flattened, signaling that lower retail presence opened room for stronger hands.
Bitcoin has broken a new all-time high at $112,152, hitting the level just 30 minutes before the latest chart update. The move follows a sharp reduction in retail wallet activity, with smaller holders exiting during a stretch of low volatility.
Small Wallets Drop Out as Price Pushes Higher
Bitcoin’s price climbed steadily as the number of small non-empty wallets declined across three highlighted phases. Santiment reported that Bitcoin has frequently shown stronger upward moves when small wallets exit the market and transfer coins to whales.
Each zone marked on the chart reflects a stall or decline in smallholder participation. During those periods, Bitcoin held firm before rallying sharply, repeating the same structure multiple times from April through July.
This consistent pattern indicates that exits by smaller wallets have coincided with large breakouts. As retailers stepped out, Bitcoin shifted to stronger hands, setting the stage for the next leg up.
Whale Behavior Matches Breakout Timing
Four green arrows on the chart pinpoint where retail dropped out and whales likely stepped in. Each arrow follows a slight dip in total holders and precedes a sharp rally on the BTC price chart.
The timing is clear: as small wallets gave up positions, the market flipped. Bitcoin surged into new territory, brushing off weeks of low movement while crowd sentiment stayed weak.
This price action fits a broader pattern seen across past cycles, where sharp moves have followed retail exits. The chart confirms that the same setup is playing out again, with whales leading the charge after retail hesitates.
Total Holders Flatten Into Rallies
The purple overlay tracks total non-empty wallets and flattens before each breakout. None of the drops are dramatic, but they line up directly with every major upward move.
This repeated structure shows that Bitcoin’s largest gains came when network participation slowed. The exits didn’t stall price – they cleared the way for larger holders to gain control.
Santiment’s chart data runs from April through July and includes three confirmed setups. Now that Bitcoin has reached new highs, all eyes turn to what comes next and whether wallet counts start climbing again.
