Bitcoin Sharks Snap Up 65,000 BTC in a Week
The post Bitcoin Sharks Snap Up 65,000 BTC in a Week appeared on BitcoinEthereumNews.com. Bitcoin sharks – wallets holding between 100 and 1,000 BTC – have absorbed 65,000 BTC in just the past week. The aggressive accumulation has boosted their total holdings to a record 3.65 million BTC and even continued as spot prices consolidated near $112,000. This was indicative of a growing divergence between short-term retail speculation and conviction-driven structural demand. Exchanges Bleed BTC as Sharks Hoard Two critical datasets validate this outlook, according to CryptoQuant’s observation: Long-Term Holder (LTH) Net Position Change Exchange Netflow The LTH metric has flipped sharply positive, as seasoned investors are accumulating rather than distributing coins. Historically, such green spikes precede larger bull cycles as BTC migrates into “strong hands” less likely to sell into temporary volatility. Meanwhile, exchange flows continue to show pronounced outflows, with investors steadily withdrawing coins into cold storage instead of leaving them available for immediate trading. This confirms that the recent buying is not just speculative repositioning but actual supply removal from liquid markets. When shark accumulation converges with LTH absorption and exchange withdrawals, the setup becomes highly conducive to a supply squeeze. While the potential for short-term pullbacks remains, particularly if derivatives markets become overheated, the structural forces at play tilt the balance toward higher valuations once renewed demand emerges. Beneath the surface-level swings, Bitcoin’s market structure is quietly but decisively moving toward scarcity, which could mean that the groundwork for Bitcoin’s next strong leg higher is already being laid. CryptoPotato had previously reported that Bitcoin’s liquidity on Binance is showing signs of stress, as withdrawals have been accelerating even as deposits remain subdued. As the platform with the deepest order books, Binance’s liquidity patterns often reflect the broader market’s underlying tone. Earlier in August, inflows climbed sharply as traders positioned for distribution or hedging while BTC approached $120,000. That activity cooled…
The post Bitcoin Sharks Snap Up 65,000 BTC in a Week appeared on BitcoinEthereumNews.com.
Bitcoin sharks – wallets holding between 100 and 1,000 BTC – have absorbed 65,000 BTC in just the past week. The aggressive accumulation has boosted their total holdings to a record 3.65 million BTC and even continued as spot prices consolidated near $112,000. This was indicative of a growing divergence between short-term retail speculation and conviction-driven structural demand. Exchanges Bleed BTC as Sharks Hoard Two critical datasets validate this outlook, according to CryptoQuant’s observation: Long-Term Holder (LTH) Net Position Change Exchange Netflow The LTH metric has flipped sharply positive, as seasoned investors are accumulating rather than distributing coins. Historically, such green spikes precede larger bull cycles as BTC migrates into “strong hands” less likely to sell into temporary volatility. Meanwhile, exchange flows continue to show pronounced outflows, with investors steadily withdrawing coins into cold storage instead of leaving them available for immediate trading. This confirms that the recent buying is not just speculative repositioning but actual supply removal from liquid markets. When shark accumulation converges with LTH absorption and exchange withdrawals, the setup becomes highly conducive to a supply squeeze. While the potential for short-term pullbacks remains, particularly if derivatives markets become overheated, the structural forces at play tilt the balance toward higher valuations once renewed demand emerges. Beneath the surface-level swings, Bitcoin’s market structure is quietly but decisively moving toward scarcity, which could mean that the groundwork for Bitcoin’s next strong leg higher is already being laid. CryptoPotato had previously reported that Bitcoin’s liquidity on Binance is showing signs of stress, as withdrawals have been accelerating even as deposits remain subdued. As the platform with the deepest order books, Binance’s liquidity patterns often reflect the broader market’s underlying tone. Earlier in August, inflows climbed sharply as traders positioned for distribution or hedging while BTC approached $120,000. That activity cooled…
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