Shrimp and large Bitcoin holders continue to accumulate millions of coins

Since the fall of FTX in 2022, the Bitcoin market has undergone a major transformation. Now, a new trend is emerging: not only are large Bitcoin holders investing, but also the shrimp—retail investors with less than 1 BTC—are actively acquiring coins. Amidst the wave-like price movements, this pattern indicates a profound shift in market sentiment.

The Largest Bitcoin Accumulation Since the FTX Explosion

According to data from Glassnode, the past 30 days have seen the strongest Bitcoin accumulation by mid-to-large holders since the industry was shocked by the FTX crisis. Wallets holding 10 to 1,000 BTC—known as the Fish-to-Shark cohort—accumulated approximately 110,000 Bitcoin in one month. This is the largest such increase in nearly three years.

Currently, Fish-to-Shark holders control around 6.6 million coins, up from 6.4 million two months ago. Bitcoin is currently averaging about $88,060 per coin, roughly 25% below its record high in October but 15% above the floor near $80,000 seen in November.

The Fish-to-Shark Cohort Leads Investment

Mid-to-large holders—from high-net-worth individuals to trading desks and large institutions—seem to recognize the value in this market. Although the price is somewhat sideways and far from all-time highs, their continued accumulation of coins indicates confidence in Bitcoin’s long-term potential. This group has the capacity to make large investments during consolidation periods, providing price support and strengthening the market foundation.

Even Small Shrimp Show Strong Buying Activity

Not only large holders are active. The Shrimp cohort—retail investors with less than 1 Bitcoin—also demonstrated bullish sentiment. In recent weeks, shrimp have transferred over 13,000 Bitcoin into their wallets, the strongest inflow since late November 2023. Their collective holdings have reached approximately 1.4 million coins.

This pattern is interesting because it shows how both large and small investors see the same opportunity. Shrimp are traditionally more reactive to price movements, but their current accumulation stems from conviction in Bitcoin’s value proposition, not just speculation.

A Broad Market Signal of Demand

When all the data is combined, the pattern is clear: the market is focused on deep value. Participants at all levels—from sophisticated traders to shrimp blockchain enthusiasts—are accumulating Bitcoin. This is not just a popular feature of an asset; it’s a collective vote of confidence in Bitcoin as a store of value amid economic uncertainty.

This kind of synchronized buying activity over the past month signals organic demand that exceeds mere speculation. As Bitcoin continues to consolidate at current levels, this accumulation pattern could be a key factor in the next price discovery phase. For shrimp and large holders alike, the message is the same: at this level, Bitcoin is worth holding.