Bitcoin Sharks Show Most Aggressive Buying Spree Ever: Data
Summary
Bitcoin investors holding 100-1,000 BTC have been buying heavily in the past two months. This group, known as "sharks," has seen a sharp increase in their holdings, indicating aggressive accumulation. The trend is unprecedented compared to historical accumulation streaks. While some speculate that the rise could be due to coins going into smaller ETFs, others argue that demand from non-central entities is also a factor. Despite the recovery attempt, Bitcoin's price has returned to $62,200.
