Shark wallets hold 18% of circulating BTC
Entities holding between 100 and 1,000 BTC accumulated approximately 65,000 BTC during the last week, bringing their combined holdings to an all-time high of 3.65 million BTC, according to CryptoQuant on-chain data.
At current market prices, those purchases are worth several billion dollars. CryptoQuant analysts say the buying pattern points to a tightening supply, as more coins shift to investors who typically buy into weakness and hold for longer periods.
Other market-tracking services reported identical figures and definitions. Data from these sources showed shark holdings have increased consistently since mid-summer and remain at record levels. Monthly tracking indicates this group added roughly 93,000 BTC over the past month, with the 65,000 BTC representing the most recent weekly surge.
Shark wallets now control close to one-fifth of the circulating Bitcoin supply. Multiple tracking methodologies place shark ownership near 18% of the circulating supply. The concentration has grown alongside the recent buying activity.
The accumulation occurred while BTC consolidated near new local lows. Market analysts monitoring spot order books and exchange reserves note that when mid-sized and larger holders become net buyers, fewer coins remain available for sale on exchanges. This reduction in available supply can amplify price movements when demand increases.
Research outlets describe shark wallets as indicators that sit between retail and whale behavior patterns. Large-scale cohort accumulation has historically coincided with periods of reduced liquid supply, particularly when miners selling decreases and exchange reserves decline.
Research outlets describe shark wallets as indicators that sit between retail and whale behavior patterns. Large-scale cohort accumulation has historically coincided with periods of reduced liquid supply, particularly when miners selling decreases and exchange reserves decline.
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