According to on-chain analytics firm CryptoQuant, Bitcoin addresses holding between 100 and 1,000 BTC accumulated an additional 65,000 BTC over the past week—worth approximately $7.3 billion—bringing this group’s total holdings to a record 3.65 million BTC. This significant movement signals renewed institutional and high-net-worth demand and may influence market liquidity and medium-term price trends.
On-chain Accumulation and Confirmations
Multiple analytics platforms confirmed the accumulation:
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CryptoQuant reported the seven-day net inflow of 65,000 BTC
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Glassnode noted that the cohort’s total holdings reached an all-time high of 3.65 million BTC
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Santiment observed that the number of wallets holding at least 10 BTC also returned to March 12 levels
This suggests broad-based accumulation beyond just the largest whales, indicating strengthening confidence even near all-time highs.
Market Effects and Practical Takeaways
The move carries two competing narratives:
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Reduced liquid supply: Large-scale accumulation may reduce spot market availability, increasing volatility
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Bullish signal: Historical patterns show that “shark” accumulation (100–1,000 BTC) often precedes upward price moves
CryptoQuant summarized the sentiment, noting that “Bitcoin is a ‘buy’ again for some cohorts,” pointing to renewed institutional interest.
Implications for Different Participants
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Traders: Watch for reduced market depth and potential squeeze scenarios
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Institutions: Consider opportunity cost and concentration risks before mirroring this strategy
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OTC Desks: Expect wider spreads as fewer coins remain in active circulation
The record accumulation by mid-sized holders reflects strong conviction at current price levels. Whether this translates into sustained upward momentum will depend on follow-through from larger whales and retail participation. For now, it signals that experienced players are continuing to stack sats—even at these heights.
