Bitcoin Sharks Boost Holdings 11% in 2026 as Price Reclaims $72,000
Bitcoin sharks—entities holding 100 to 1,000 BTC—increased their balances by 11% year-to-date in 2026 to more than 3.6 million BTC amid retail capitulation, Glassnode on-chain data show. These sharks have outpaced whale investors (those with balances of at least 1,000 BTC) in aggressive accumulation, while whales turned bullish again after heavy capitulation in Q4 2025. CryptoQuant said the renewed demand from sharks and whales has coincided with a notable drop in low-volume BTC deposits to centralized exchanges, a trend supporting the view that selling pressure is weakening. Trading analyst Ali Martinez warned that BTC remains in a macro bear market similar to its 2022 pattern and suggested the bear market bottom could form between $54,559 and $43,647, even as Bitcoin rallied about 10% this week to trade above $72,000 and open interest in BTC and Ethereum futures rose.