The digital asset market is currently experiencing a surge in Bitcoin (BTC) accumulation among two distinct groups: Shrimps and Sharks.
The “Shrimp cohort” refers to retail investors who hold less than one Bitcoin and have been steadily increasing their holdings. According to Glassnode data, this group has seen a significant increase in BTC holdings, accumulating 16,769 BTC over the past 30 days, totaling around 1.37 million BTC.
On the other hand, the “Shark” cohort consists of higher-net-worth individuals, trading desks, and institutional entities holding between 100 and 1,000 BTC. This group has also been accumulating BTC at a remarkable rate, with a net position change of 268,441 BTC over the last 30 days. In total, the Shark cohort now holds 3.5 million Bitcoin.
It has been reported that all cohorts combined are accumulating more Bitcoin than the monthly issuance over the past 30 days, indicating a widespread bullish sentiment in the market.
This recent surge in Bitcoin accumulation among the Shark cohort marks a decade-high level of accumulation for this group, reflecting the growing confidence and interest in Bitcoin among both retail investors and institutional players.
