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Bitcoin sentiment cools but whales keep accumulating amid hopes of China's crypto pivot.

Market News
07 Oct 2026
AMBCrypto
View Source
Bullish
Bitcoin sentiment cools but whales keep accumulating amid hopes of China's crypto pivot.

Bitcoin's price recently dropped from $86,200 to $83,000, raising concerns about profit-taking among large holders (whales and sharks) who currently hold significant unrealized gains. Despite this, wallets holding between 10 and 10,000 BTC have been accumulating more Bitcoin, reaching the highest combined holdings since April. A potential catalyst for sustained holding is China's possible easing of crypto restrictions, particularly in Hong Kong, which could spark a new crypto supercycle. This scenario, along with increased Bitcoin moving off exchanges, suggests long-term holders may continue to HODL despite short-term market weakness and cooling sentiment indicated by the Fear & Greed Index.

China's crypto pivot is the subject here, providing context for readers interested in digital assets. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 08, 2026 03:43 WIB: out of 50 major cryptocurrencies priced on Pluang, 6 rose and 43 fell. Notable movers include THETA at Rp3.874 with a 1-day change of -8.52% and 100% buy order activity, EOS at Rp12.649 with +8.13%, and ENJ at Rp542 with -8.05% and 69% sell order activity.

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