Bitcoin Shark Wallets Reach All-Time High of 15,777 Addresses
Recent on-chain data indicates that Bitcoin shark-sized wallets have reached an all-time high, suggesting potential bullish sentiment for BTC.
Key Insights
- On-chain analytics firm Santiment reports an increase in Bitcoin sharks, defined as wallets holding 100 to 1,000 BTC.
- This group now totals a record 15,777 addresses, reflecting significant accumulation activity despite recent price stagnation.
- Sharks are influential investors, holding between $10.5 million and $105 million worth of BTC, but not the largest entities in the market.
- Additionally, small investors (shrimps and crabs) have purchased 25,600 BTC in the past month, nearly double the monthly issuance from miners.
Market Overview
Bitcoin's price remains stable around $105,100, showing a sideways movement over recent days.
