– Mid-Sized Bitcoin Holders Accumulate 65K BTC, Total 3.65 Million BTC – Bitcoin’s Circulating Supply Affected as Mid-Sized Holders Buy 65K BTC – Mid-Sized Bitcoin Investors Acquire $7.35 Billion Worth in One Week – Bitcoin Price Volatility Possible as “Sharks” Amass 3.65 Million BTC

Recent data from Glassnode reveals that mid-sized Bitcoin holders, known as "sharks," have increased their holdings by approximately 65,000 BTC in the past week. This accumulation amounts to around $7.35 billion at the current spot price of $113,595 per BTC.

Sharks Expand Their Holdings

"Sharks" now hold about 3.65 million BTC, which represents roughly 18% of Bitcoin's circulating supply of approximately 19.91 million coins.
This acquisition reduces the available tradable supply, potentially affecting price movements.

Bitcoin Accumulation Chart

Market Impact

The actions of these holders can influence market balance and may lead to price increases if buying demand persists.
Despite not being institutional whales, their activity raises short-term volatility due to concentrated holdings.

Recent Price Action

BTC has surged about 100% over the past year, with a 23% increase year-to-date, and over 40% gain in the last six months.
Price fluctuations include a drop to $107,000 on September 1st, followed by a recovery to over $116,000.

Forecasts and Risks

Predictions suggest Bitcoin could reach $150,000 to $200,000 by Christmas, according to industry experts.
Potential risks include rapid market reversals due to ETF flows, miner sell pressure, or macroeconomic changes.
Investors should monitor wallet flows, trading volumes, and major announcements for potential impacts.

The ongoing accumulation by mid-sized Bitcoin holders tightens the available supply, correlating with significant price gains this year.