Large Bitcoin Holders Accumulate 110K BTC at Fastest Rate Since FTX Collapse

Bitcoin whales aren't blinking. Amid a stubborn price dip, large holders—known as the Fish-to-Shark cohort—are scooping up coins at the quickest pace since the 2022 FTX meltdown. CoinDesk reports they've added 110,000 BTC in the last 30 days alone, a clear sign of conviction from smart money. As @Twendee_ noted in a recent thread, this on-chain surge points to deep value hunting while the market consolidates.

Let's break down the data. Glassnode tracks holder cohorts by size. The Fish-to-Shark group—wallets with 10 to 1,000 BTC, think high-net-worth individuals, trading desks, and institutions—now controls nearly 6.6 million BTC, up from 6.4 million two months back. That's a hefty 200,000 BTC gain overall, with the recent 110,000 BTC sprint being the biggest monthly haul since FTX sent BTC crashing to $15,000. Smaller retail players aren't sitting out either. Shrimp wallets under 1 BTC piled on over 13,000 BTC in recent weeks—the most since late 2023—pushing their total to 1.4 million coins. Combined, that's broad accumulation across the board. Why now? Bitcoin's trading in a tight range, down 25% from its October peak but 15% above November's $80,000 low. Post-halving dynamics, ETF inflows, and macro caution have created a perfect dip-buy window. Historically, such whale stacking precedes supply squeezes and rallies, much like pre-2021 bull phases. Glassnode's charts show net position changes spiking positive for these cohorts, echoing post-FTX resilience when whales absorbed panic sells.

This isn't noise—it's a supply shock in motion. Whales absorbing 110,000 BTC (~$7.6B at current levels) tightens available float, curbing downside and priming upside. Exchange outflows align, reducing sell pressure. Paired with $1.2B recent Bitcoin ETF inflows, institutional FOMO builds. Expect lower volatility short-term as hodlers dominate, but a catalyst like Fed cuts or election clarity could ignite the next leg. Altcoins may lag until BTC clears resistance, but on-chain conviction screams bullish reversal.

Large holders voting with wallets amid the dip? That's the ultimate bullish tell. As FTX scars fade, this accumulation cycle hints at Bitcoin's maturing resilience. Eyes on $100K—smart money's already positioning. Stay stacked; the real move is loading.