Bitcoin Sharks Add 65K BTC In 7 Days: Supply Squeeze Setup Strengthens

Bitcoin is navigating a volatile phase where bulls are struggling to drive the price higher, yet bears have also failed to push BTC below the $110,000 ￰0￱ tight range signals a standoff, but beneath the surface, the market appears to be shifting into a new ￰1￱ the first time in months, Ethereum and several altcoins are showing relative strength against Bitcoin, raising questions about capital rotation and changing market ￰2￱ data from CryptoQuant sheds light on the divergence between short-term traders and larger conviction-driven ￰3￱ to their report, addresses holding between 100 and 1,000 BTC—often referred to as “sharks”—have added a staggering 65,000 BTC in just seven ￰4￱ aggressive accumulation has lifted their total holdings to a record 3.65 million ￰5￱ makes this development notable is that it has occurred even as spot prices hovered near $112,000.

While retail-driven volatility has kept price action choppy, structural demand from larger buyers remains ￰6￱ disconnect suggests that long-term players are preparing for the next leg of the cycle, absorbing supply while short-term traders ￰7￱ this environment, Bitcoin’s resilience above $110K underscores its strength despite ongoing market ￰8￱ Onchain Data Points To Supply Squeeze According to a report from XWIN Finance shared by CryptoQuant, two core onchain datasets confirm that Bitcoin’s current market behavior is driven by deep structural demand rather than short-term ￰9￱ indicators—Long-Term Holder (LTH) Net Position Change and Exchange Netflow—highlight a steady absorption of supply, setting the stage for potential upward pressure on ￰10￱ LTH Net Position Change, which tracks 30-day balance shifts among experienced holders, has turned strongly ￰11￱ green spikes suggest that long-term players are actively accumulating Bitcoin rather than distributing it.

Historically, such accumulation phases often precede major bull runs, as coins move into “strong hands” less likely to sell during short-term ￰12￱ transition of supply into longer-term storage reduces available liquidity, tightening conditions for future ￰13￱ Netflow data provides another layer of ￰14￱ outflows—BTC being withdrawn from exchanges—have dominated in recent ￰15￱ indicates that investors prefer cold storage over keeping assets liquid for immediate ￰16￱ with LTH absorption, this confirms that recent shark buying is not speculative churn but actual supply removal from ￰17￱ alignment of shark accumulation, LTH buying, and sustained exchange outflows builds the conditions for a potential supply ￰18￱ short-term corrections remain possible if leverage in derivatives overheats, the structural picture favors higher prices as soon as demand ￰19￱ the current volatility, the groundwork for Bitcoin’s next major leg higher appears to be quietly ￰20￱ Analysis: Quiet Consolidation Bitcoin is trading at $115,019 after a steady recovery from early September lows near $110,000.

The daily chart shows BTC building momentum as it pushes into a key resistance ￰21￱ 50-day SMA at $114,562 has been reclaimed, and the 100-day SMA at $112,323 is now acting as solid support, reinforcing the bullish ￰22￱ 200-day SMA at $102,202 continues to anchor the long-term trend, confirming that Bitcoin remains structurally healthy despite recent ￰23￱ next challenge lies at $116,000–$118,000, a resistance area that has capped rallies in recent weeks. A successful breakout and close above this zone could clear the path toward the major barrier at $123,217, which remains the cycle’s key level to ￰24￱ the downside, immediate support is established near $114,000, followed by stronger backing around $112,000.

As long as BTC holds these levels, buyers are likely to maintain control. A breakdown below $112,000, however, could shift momentum back in favor of sellers and potentially bring $110,000 back into ￰25￱ image from Dall-E, chart from TradingView