LATEST: Decade-High Bitcoin Accumulation Among ‘Sharks’ Sparks Interest in Bitcoin Investment

The digital asset landscape is currently undergoing a significant phase of Bitcoin accumulation among both small-scale retail investors, known as “Shrimps,” and larger investors, referred to as “Sharks.” Shrimps, who own less than one Bitcoin, have notably intensified their buying activity, adding 16,769 BTC to their holdings in the last month alone. This surge brings their total Bitcoin possession to approximately 1.37 million BTC, marking the most aggressive accumulation phase since November 2023, data from Glassnode reveals.

Conversely, the Shark cohort, consisting of high-net-worth individuals and institutional players with 100 to 1,000 BTC, has also been actively increasing their stakes. Over the past 30 days, they’ve amassed an additional 268,441 BTC, elevating their collective holdings to 3.5 million BTC. This represents the largest accumulation move recorded since 2012, showcasing a robust confidence across varying investor profiles in the potential of Bitcoin, as per the latest insights from Glassnode.

 Glassnode

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