In December 2025, large Bitcoin holders — wallets with balances between 10 and 10,000 BTC — increased their assets by over 47,500 BTC. This data was released by the analytical company Santiment.
This is reported by Business • Media
Investor Behavior and Market Dynamics
According to analysts, active accumulation began after a prolonged sell-off that lasted from October 12 to November 30. During this period, the total balances of so-called “whales” decreased by over 113,000 BTC.
Santiment specialists presented a chart with five key zones reflecting different investor strategies:
- Green Zone: large players are buying while retail investors are selling — this stimulates steady market growth;
- Blue Zone: both large and small participants are actively accumulating Bitcoin, during this time price increases are usually recorded;
- Yellow Zone: the market behaves unpredictably;
- Orange Zone: mass selling from all categories — prices generally decline;
- Red Zone: retail investors are buying the asset on the dip while large players are selling — this indicates a likely further decline.
“Thanks to the active accumulation of the first cryptocurrency by large wallets, the market has entered the so-called ‘blue zone’.”
Factors Influencing Price Trends
Experts believe that although the market is currently in a growth phase, the behavior of retail investors plays a significant role. If they start to take profits while large players continue to buy, a further increase in Bitcoin’s value is likely, similar to trends seen in September. At the same time, the current trend remains unstable as small investors are also actively buying coins.
It is worth noting that in November 2025, CryptoQuant analysts indicated that large Bitcoin whales were still taking some profits, which affected the overall market dynamics.