Crypto market sentiment shifted from “extreme pessimism” to “ultra FOMO mode” in just three days — and analysts say that kind of rapid swing is exactly what makes the current Bitcoin moment worth watching closely.
Bitcoin Whales Load Up As Price Pushes Higher
Data from crypto analytics firm Santiment shows Bitcoin wallets holding between 10 and 10,000 BTC have added roughly 41,000 coins since April 10 — a haul worth approximately $3.17 billion.
The buying has come as Bitcoin climbed toward $80,000, a price level the asset hasn’t touched since late January. On Wednesday, BTC briefly hit $79,330 before pulling back to around $77,350.
The Bitcoin crowd has swung from extreme pessimism (on Monday) to ultra FOMO mode (on Thursday).
Just as $BTC looked like it was going to freefall after an $80K rejection and FUD trickled in (a clear buy signal), prices quickly rallied to above $78.7K today.
Now that $80K is… pic.twitter.com/AsDSovpA95
— Santiment (@santimentfeed) April 23, 2026

Santiment flagged the accumulation trend on X, saying Bitcoin’s key stakeholders are “accumulating rapidly.” The firm also noted that smaller holders — those with less than 0.1 BTC — picked up about 46 coins over the same stretch, valued at roughly $3.56 million.
The gap between those two figures tells a story: the big players are moving in size while retail activity stays comparatively quiet.
Bitcoin’s key stakeholders are accumulating rapidly with $BTC currently up to $78.3K and crypto’s top cap up +15% in April.
According to our on-chain data:
10-10K BTC Wallets have collectively accumulated 40,967 more $BTC in the past 2 weeks (+0.3%)
Less Than… pic.twitter.com/ViffTAQg4Q
— Santiment (@santimentfeed) April 23, 2026

The Setup Analysts Are Watching
According to Santiment, the most encouraging scenario would be one where large holders keep buying while smaller investors start cashing out.
Reports from the firm describe that pattern as one of the strongest indicators that a prolonged price rally could be taking shape.
Analysts have historically tracked this kind of divergence between whale behavior and retail activity as a potential precursor to sustained price gains.
On the institutional side, Andre Dragosch, head of European research at Bitwise, said demand from large professional investors is “clearly accelerating.”
His comments, posted on X Friday, line up with a broader trend of institutional money flowing back into Bitcoin after months of uncertainty.
GM from Switzerland!
US spot bitcoin ETFs have purchased 18,991 $BTC over the past 5 trading days.
*checks numbers*
That’s 9 x times the new supply in that period.
Institutional demand for #bitcoin is clearly accelerating. pic.twitter.com/VtzVyjQAJu
— André Dragosch, PhD
(@Andre_Dragosch) April 24, 2026

Fear Still Grips The Wider Market
Despite the whale activity and the burst of optimism among Bitcoin holders, the broader crypto market hasn’t caught up.
The Crypto Fear & Greed Index — a widely followed measure of overall market sentiment — posted a score of 39 on Friday, placing it squarely in “Fear” territory.
That reading suggests most investors are still holding back, even as Bitcoin inches toward a psychologically significant price point.

Santiment says a move above $80,000 would carry weight in pulling more traders back into the market. But the firm also cautioned that the breakout would carry more meaning if it happens after optimism cools slightly.
A surge built on peak excitement, reports indicate, tends to be less stable than one that forms more gradually.
Bitcoin is up 2% over the past week, based on Coingecko data.
Featured image from MetaAI, chart from TradingView


The Bitcoin crowd has swung from extreme pessimism (on Monday) to ultra FOMO mode (on Thursday).
Bitcoin’s key stakeholders are accumulating rapidly with
According to our on-chain data:
10-10K BTC Wallets have collectively accumulated 40,967 more 
Less Than…
(@Andre_Dragosch) 








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