During the past few weeks of subdued price movement, mid- to large-scale bitcoin holders have been accumulating BTC at the highest monthly rate since the 2022 FTX crisis.
According to Glassnode data, over the last 30 days, entities owning between 10 and 1,000 BTC—often called the Fish-to-Shark group—have added nearly 110,000 BTC. This marks their largest accumulation since bitcoin’s price dropped near $15,000 more than three years ago.
This surge in buying comes as bitcoin trades within a narrow band: about 25% below its October all-time high but still roughly 15% above its November low near $80,000. The Fish-to-Shark segment—which includes wealthy individuals, trading desks, and some institutional investors—now holds close to 6.6 million bitcoins, up from approximately 6.4 million two months prior.
Meanwhile, smaller investors are also increasing their holdings. The Shrimp category—retail participants with less than one bitcoin—is known for reacting strongly to market volatility and sharp price changes.
In recent weeks alone, Shrimps have accumulated over 13,000 BTC—their biggest gain since late November of last year—bringing their total holdings to around 1.4 million coins. Both these groups seem to recognize significant value at current levels, suggesting widespread demand throughout the market.