Bitcoin wallets holding between 100 and 1,000 BTC added 65,000 BTC to their reserves in just one week, according to new data from CryptoQuant. The surge highlights renewed demand from so-called “sharks” as the asset recovers from two-month lows.
Sharks drive accumulation
CryptoQuant’s latest report revealed that these mid-sized addresses now hold a record 3.65 million BTC. XWIN Research Japan, a CryptoQuant contributor, noted that the buying spree occurred even with spot prices hovering around $112,000, underscoring a growing divergence between short-term volatility and deeper structural demand.
Bitcoin UTXO Value Bands. Source: CryptoQuant
Short-term holders back in profit
While conviction buyers moved quickly, speculative traders were slower to react. Short-term holders, those clinging to coins for six months or less, finally crawled back into profit last Friday. CryptoQuant data shows their Spent Output Profit Ratio (SOPR) flipped positive after nearly a month of bleeding coins on-chain at a loss, a reminder of how fragile retail conviction can be when volatility bites.
BTC Short Term Holder. Source: CryptoQuant
The takeaway
While small traders waver, mid-sized wallets have been quietly stacking 65,000 BTC in a week—proof that structural demand isn’t just alive, it’s flexing.
BTC Long-Term Holder. Source: CryptoQuant
Long-term holders may still be sitting on their hands, but the flow of coins tells a different story: conviction capital is drowning out retail noise, and that imbalance could fuel Bitcoin’s next decisive leg higher.
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