In just 9 days, Bitcoin wallet addresses that have 100-10,000 BTC purchased another $726 Million worth of coins.
As the market struggles to navigate the recent FTX- fueled crash, the sharks and whales activity are a reminder of the continuing accumulation of BTC.
Bitcoin prices rose to $18,385 Tuesday before falling late Wednesday after the US central bank interest rate rise.

Bitcoin rose to $18,000 above its previous high this week, as the crypto market grew amid optimism in the risk-asset market and the cooling inflation in the US.

The flagship cryptocurrency hit highs of $18,385 ahead of Wednesday’s 50% rate hike from the US Federal Reserve.

While the Fed Chair Jerome Powell’s hawkish remarks helped dampen sentiment to push BTC below $18k again, the crypto remains poised for a fresh upside given bulls’ holding of prices above the key support base established in the aftermath of the FTX implosion.

The dip is still bought by whales

Bitcoin’s retreat from $18,385 suggests bulls might have to rely on the buffer at $17,200 – the immediate resistance level that’s likely to act as a key support base. Bears could target $15,000. Below that level, they might be able to target $15,000.

Despite the rejection of intraday highs over $18,300 this week, it is likely that bitcoin will retest the price level due to its strong fundamental outlook.

According to ochain data shared Market platform Santiment reports that more bitcoin sharks than whales have snatched coins this week. This happened amid the FTX fallout and as the firm’s data shows, addresses holding 100 to 10,000 BTC have added over $726 million BTC in just nine days.

🤯 Breaking: #BitcoinAddresses can hold between 100 and 10,000 $BTC In 2007, they bought $726 million $BTC The last 9 days. Meanwhile, #stablecoin Assets such as $USDT, $BUSD, & $DAI They are also often bought quickly. This is the recipe for great things. You can read all about it. 👉 https://t.co/H0G6oJhWFp pic.twitter.com/lOKPAfzZNO

— Santiment (@santimentfeed) December 15, 2022

This category holds approximately 15,900 bitcoin addresses worth more than $149 billion at current prices.

Notably, it adds to the accumulation seen since Bitcoin price registered a sharp decline on news of FTX’s implosion in early November.

In addition to sharks and whales, crabs and shrimp have been buying some alpha. These two wallet groups have been aggressively buying BTC. We have highlighted that the group has purchased more than 96,000 BTC, worth more $1.6 billion, in just 30 days.