Well, well, well! It seems like the Bitcoin sharks are on a feeding frenzy. In just one week, wallets with anywhere between 100 and 1,000 BTC have been hoarding a grand total of 65,000 BTC. That’s right, 65,000 shiny new coins-scooped up like the last slice of pizza at a party, according to the folks over at CryptoQuant. And just when everyone thought Bitcoin was about as exciting as watching paint dry at a two-month low. 📉
Sharks drive accumulation 🦈
CryptoQuant has crunched the numbers, and apparently, these mid-sized wallets are holding more BTC than ever before-an all-time high of 3.65 million BTC. A tip of the hat to XWIN Research Japan, who observed that this little buying spree occurred while the price was a cool $112,000. Yep, you heard that right-just a casual $112,000. And still, the sharks are gobbling up every bit they can. Clearly, short-term volatility doesn’t scare them, and they’re not bothered by the fact that the little fish are flipping out over every price dip. 🏝️
Short-term holders back in profit 🤑
As for the regular folks-well, they’re still figuring things out. Some poor short-term holders, the ones who cling to their coins like a life raft, were finally able to see a bit of profit after a month of watching their coins swim in the red. Their Spent Output Profit Ratio (SOPR) flipped positive last Friday, meaning they’re no longer bleeding from their crypto wallets. But don’t hold your breath for a victory lap just yet, it’s still a shaky sea for these folks. ⚓
The takeaway 🎯
In short, while the small fry are still shaking in their boots, the big sharks have been quietly adding BTC like it’s a sale at a department store. In fact, they’ve stacked a cool 65,000 BTC in just one week. Proof that structural demand is not only alive and well, it’s showing off its muscles. 💪
As for the long-term holders? They’re sitting tight, probably sipping their coffee and watching the market do its dance. But the real action is happening where it counts: the coins are flowing, and the conviction capital is drowning out the retail noise. Don’t be surprised if Bitcoin makes its next big move-upward. 🚀
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2025-09-12 22:34