quick take
The digital asset market is witnessing a phase of accelerated accumulation of Bitcoin (BTC) across two groups: shrimp and sharks.
The “shrimp cohort” refers to individual investors holding less than one Bitcoin, who have traditionally steadily increased their holdings.
The group is currently showing its most active accumulation since November 2023, increasing its total BTC holdings by 16,769 BTC in the past 30 days, for a total of around 1.37 million BTC, according to Glassnode data.
On the other hand, the “sharks” group consists of higher net worth individuals, trading desks, and institutional groups holding between 100 and 1,000 BTC.
The group has shown impressive accumulation, with a total balance of 268,441 BTC, with a 30-day net position change. This is the largest increase since 2012. According to Glassnode data, the Shark collective currently holds 3.5 million Bitcoin.
especially, CryptoSlate All cohorts reported currently accumulating more Bitcoin than their monthly issuance over the last 30 days, indicating widespread bullish sentiment towards the market.
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