According to fresh analysis from CryptoQuant, so-called “Bitcoin sharks” posted their largest weekly net inflow in months, adding about 65,000 BTC to their wallets. CryptoQuant defines sharks as holders with between 100 and 1,000 BTC, while larger entities are traditionally classified as whales.
Demand from this segment has picked up sharply. Collectively, sharks now control more than 3.5 million BTC—an outsized share of the circulating supply.
The accumulation comes at a time when exchange balances continue to decline, signaling that fewer coins are available for trading. At the same time, specific wallet groups are steadily increasing their holdings.
“The combination of shark accumulation, long-term investor buying, and ongoing exchange outflows is laying the groundwork for a supply squeeze,” CryptoQuant noted. “Beneath the surface volatility, conditions are forming for Bitcoin’s next strong upward leg.”
This pattern isn’t new. In past cycles, larger wallets often expanded their positions during periods of shrinking exchange reserves—moves that frequently preceded major rallies.
For now, Bitcoin continues to consolidate around the $115,000 mark, up about 2% compared to the previous week. Volatility, however, is expected to pick up next week as many market watchers anticipate the Federal Reserve will move to cut interest rates.