In light of increased geopolitical tensions, Bitcoin (BTC) has seen its price plummet from $95,500 to $87,500 in just 48 hours. This represents a significant drop of over $10,000 since last week when it peaked at $98,000.

During this price correction phase, many investors are liquidating a portion of their BTC assets, while larger investors, dubbed whales and sharks, are actively accumulating. Data from Santiment reveals that smaller wallets (less than 0.01 BTC) have sold about 132 BTC, which is around 0.28% of their total holdings. In contrast, larger wallets have accumulated 36,322 BTC, valued at approximately $3.2 billion at current rates.

📊 Bitcoin’s price has fallen back down to $89.4K as gold and silver continue to surge. However, Bitcoin’s whales and sharks continue to accumulate. 🐳 Wallets containing 10-10K $BTC: Accumulated +36,322 tokens in the past 9 days (+0.27%) 🦐 Wallets with less than 0.01 BTC: Dumped -132… pic.twitter.com/RnVOgVl3j2 — Santiment (@santimentfeed) January 20, 2026

Much of this accumulation activity is thought to be influenced by Michael Saylor’s company, Strategy, which recently purchased 22,305 BTC amid the sharp downturn in prices.

The increasing geopolitical tensions between the US and EU appear to be major contributing factors to this market uncertainty, along with rising yields on long-dated Japanese government bonds, as stated by Saxo Bank’s Head of Commodity Strategy.

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In stark contrast, precious metals like gold and silver are reaching record highs, with gold touching nearly $4,900/oz and silver approaching $100.