Price Analysis View Non-AMP

Bitcoin Sharks Are Accumulating Heavily—What This Means for BTC Price

Published by
Sahana Vibhute

Bitcoin (BTC) price continues to trade in a tight range between $90,000 and $100,000, but on-chain data reveals that mid-sized whales, also known as “sharks” (wallets holding 100–1,000 BTC), are quietly reshaping the market. According to Glassnode, these entities have ramped up their accumulation aggressively since July 2025, pushing their total holdings to a fresh all-time high of over 3.65 million BTC. This growing concentration of supply in stronger hands could have a significant impact on Bitcoin’s next major price move.

Shark Accumulation at Record Highs

The latest data shows that shark entities are not only accumulating but doing so at the fastest pace seen this year. The Shark Net Position Change has turned strongly positive, meaning these holders are consistently adding to their stacks rather than selling into rallies. This type of accumulation has historically preceded major bullish phases in Bitcoin, as it reflects strong conviction from entities with substantial capital at stake.

The data from Glassnode suggests that Bitcoin entities holding 100 to 1000 BTC, which are called ‘Sharks,’ have been accumulating the token progressively. In the past seven days, their holdings have risen by nearly 65,000 BTC, with the total holdings recording nearly 3.65 million. This aggressive buying from large holders is pushing BTC net supply into a deficit, with these holders absorbing both new issuance and secondary market coins. 

Why It Matters for Bitcoin’s Price

Bitcoin is holding above the critical $112,000 support, which has acted as a strong demand zone in recent weeks. Moreover, the latest jump above $113,800 has attracted huge buying across the platform. As a result, the momentum has flipped in favour of the bulls, suggesting a continuation of a breakout. However, to do so, the BTC price is required to clear a major resistance that could elevate the token above bearish influence. 

Bitcoin (BTC) is consolidating around $113,957, with Bollinger Bands tightening, hinting at a volatility-driven move. Key resistance levels stand at $114,827 and $118,617. A breakout above $115K could open the path toward $120,000–$125,000 in the short term. On the downside, immediate support is at $113,345, followed by $107,274 and $103,950. A breakdown below $103K could extend losses toward $98,200. Overall, holding above $113K keeps the bias bullish, with the next upside target set at $125K.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Trust with CoinPedia:

CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:

All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:

Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Recent Posts

XRP News: Why Wall Street May Soon Turn Into XRP’s Biggest Cheerleader

For years, XRP has lived in the shadow of Bitcoin and Ethereum, often labeled the…

October 25, 2025

3 Reasons Why Solana & Cardano Whales Are Loading Up on $TAP – The First Would Shock You!

Clearly, current market conditions are gloomy and bearish, marked by a significant downturn in the…

October 25, 2025

Fundstrat’s Tom Lee Predicts Year-End Crypto Rally, S&P 500 Could Rise Up to 10%

The crypto market is showing signs of a potential rebound as key indicators start to…

October 25, 2025

Ethereum Price Prediction 2025: Institutional Rotation Signals 40% Gains Ahead

The Ethereum price prediction 2025 narrative is becoming increasingly bullish as 2026 is only a…

October 25, 2025

Best Crypto to Buy Before 2026 as Investors Seek 20x ROI

As the crypto market moves toward another potential bull cycle, investors are zeroing in on…

October 25, 2025

SpacePay Unveils Easy Multi-Chain Payment Widget Ahead of Expected Q4 Crypto Rally

October hasn’t played out for crypto the way many people hoped. Even so, the year…

October 25, 2025