Major Bitcoin holders have resumed accumulating the asset, potentially indicating a positive price trend reversal. These observations were shared by analysts at Santiment.
This refers to wallets holding between 10 and 10,000 BTC ($71,638.00 · Live). This group of investors has increased their collective share of the market supply of the leading cryptocurrency to over 68%.
Source: Santiment. “Their recent shift to accumulation is a bullish signal,” the experts noted.
They also pointed out that a local bottom for Bitcoin might form when the share of retail traders begins to decline significantly. This has not yet been observed.
“Historically, markets hit bottom when the ‘crowd’ loses hope. The ongoing optimism from small investors is currently the strongest counterargument,” the analysts stated.
The ratio of positive to negative comments about cryptocurrencies on social media has reached its highest level in the past six weeks. This indicator reflects retail confidence, but such excessive optimism often precedes a “bull trap” or local peak, Santiment added.
Source: Santiment.At the time of writing, Bitcoin’s price had recovered to around $71,500. Over the week, the asset’s price increased by more than 6.5% (CoinGecko).
According to Santiment, the MVRV indicator shows divergence. Short-term investors (holding for up to 30 days) are seeing slight profits, indicating some risk of a sell-off. Long-term holders (at least 365 days) are currently losing about 25% at current prices. Historically, when this group is at a loss, the market offers a better risk-reward ratio, presenting an opportunity for a profitable entry into the asset.
A Touch of Optimism and Uncertainty
Analyst Ali Martinez, based on MVRV price ranges, suggested that surpassing the $73,726 mark could pave the way for Bitcoin to rise sharply to $95,894.
Per the MVRV Pricing Bands, clearing $73,726 could open the door for Bitcoin $BTC to surge to $95,894. pic.twitter.com/5NpVVIFA7O
— Ali Charts (@alicharts) March 14, 2026
Legendary trader Peter Brandt noted the formation of a familiar pattern on the cryptocurrency chart, which recently ended with a drop to $60,000.
I pledge allegiance to the _ _ _ _
Fill in the blanks pic.twitter.com/6C0lfgnGmO
— Peter Brandt (@PeterLBrandt) March 13, 2026
“I pledge allegiance to… Fill in the blanks,” he captioned for nearly 1 million of his followers.
Most commentators considered the figure a bearish signal in the form of a “Rising Wedge.” However, some believe a breakout upwards is possible if the pattern is viewed as a “Channel.”
On-chain data did not confirm the readiness of Bitcoin bulls for a breakout in the medium term.