Although Bitcoin’s recent price movements are causing yawns, the underlying market currents are particularly turbulent. According to Glassnode data, over the past month, mid-to-large holders have been accumulating coins at the fastest rate since the FTX collapse in 2022.
According to Glassnode tracking, in the past 30 days, the group known as “Fish-to-Shark”—holders with between 10 and 1,000 BTC—purchased approximately 110,000 BTC.
This is the strongest single-month accumulation since Bitcoin fell below $15,000 three years ago and was deeply affected by the FTX collapse. Currently, this group, composed of high-net-worth individuals, trading platforms, and institutional investors, holds nearly 6.6 million BTC, up from 6.4 million two months ago.
At the same time, small holders are also actively accumulating coins. The “Shrimp” group, with less than 1 BTC, has always been highly sensitive to price fluctuations. Data shows that this retail group has accumulated over 13,000 BTC in recent weeks, reaching a new high since November 2023, pushing the total holdings to around 1.4 million BTC.
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