Amid the lackluster price action of the past few weeks, the accumulation of bitcoin by mid- to large-sized holders has reached its strongest monthly level since the FTX-related collapse of 2022.
Over the past 30 days, entities holding between 10 and 1,000 BTC, commonly referred to as the Fish-to-Shark cohort, have accumulated approximately 110,000 BTC, according to Glassnode. That’s the largest such increase since bitcoin fell to the $15,000 area just over three years ago.
At the same time, smaller holders are also adding to their balances. The Shrimp cohort, which represents retail investors holding less than 1 BTC, is a broad and highly reactive group whose accumulation behavior tends to be sensitive to volatility and sharp price movements.
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