#Bitcoin "sharks" amassed 65,000 Bitcoins, worth $7.3 billion, in a week, reaching a new all-time high. The latest data from blockchain analytics platform Glassnode shows that medium-sized Bitcoin investors have recently significantly increased their holdings. The data shows that investors holding 100 to 1,000 Bitcoins, commonly referred to as "sharks," have added approximately 65,000 Bitcoins in the past seven days alone. At the current price of $113,595, their holdings over the past week are worth approximately $7.38 billion. This buying spree brings their monthly net increase to 93,000 Bitcoins, one of the most aggressive buying trends this group has seen in recent times. Following the recent increases, this group now holds a record 3.65 million Bitcoins. The total holdings of "sharks" account for approximately 18.32% of the current circulating supply of Bitcoin, 19.91 million. While "shark wallets" are less influential than "institutional whales," their accumulation still has a significant impact on market dynamics. Their accumulation of Bitcoin reduces BTC's liquidity supply, exerting upward pressure on the leading asset as demand soars. Furthermore, this development suggests confidence in BTC's short-term prospects. The surge in accumulation suggests that these medium-sized holders may be positioning themselves for a potential rise in BTC's price.
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