Bitcoin sharks increase their holdings amid market volatility
Source: CoinWorld
Time: 2025-09-12 18:27:47
As the price of Bitcoin rebounded from its recent lows, Bitcoin "Shark" wallet increased significantly, and 65,000 Bitcoins were bought in just one week. The move highlights the strategic moves these large holders of 100 to 1,000 Bitcoins have taken to seize the opportunity of price declines. CryptoQuant data shows that these "shark" wallets increased their holdings by 65,000 bitcoins, expanding market exposure and bringing their total holdings to a record 3.65 million bitcoins. Although the Bitcoin spot price hovers around $112,000, this buying frenzy still appears, indicating a disconnect between retail-driven volatility and deeper structural demand.
Recent market dynamics highlight the differences between short-term traders and larger, more confident buyers. Short-term holders (STHs) usually hold Bitcoin for six months or less, and their spending output margin (SOPR) begins to turn positive after a period of loss. This shift suggests that market sentiment among these speculative traders may be changing. Meanwhile, the decline in exchange balances suggests an increase in buyer demand as net outflows suggest investors are transferring their bitcoins to cold wallets rather than keeping liquidity for trading. While prices may pull back further, the underlying market structure seems to be solid, laying the foundation for Bitcoin’s next round of gains.
Despite these progress, the situation remains at stake for some Bitcoin investor community. As Cointelegraph previously reported, whales and long-term holders have replicated the sell-off pattern during the 2022 bear market, especially throughout August. CryptoQuant data shows that the wallet balance of long-term holders (LTH) has not yet recovered, and the 30-day rolling balance changes are still negative. This ongoing trend shows that while some investors are increasing their holdings, others remain cautious. Reflects the complex dynamics of the current Bitcoin market. Please note that this article does not provide investment advice.