Bitcoin sharks and whales have significantly increased their presence in the market, even as Bitcoin’s price experiences a downtrend. According to on-chain analytics from Santiment, the Bitcoin Supply Distribution for large holders has grown by 3.9% over the past three months.
What Are Bitcoin Sharks and Whales?
The terms ‘sharks’ and ‘whales’ refer to Bitcoin holders possessing 100 or more BTC, translating to investments exceeding $6.9 million at current values. These investors can influence market trends, making their actions a point of interest for analysts and traders alike.
The Bitcoin Supply Distribution indicator tracks the number of addresses holding specific amounts of BTC. Recent data indicates a rising trend among these significant investors, which could hint at a shift in market sentiment.
A Look at Recent Market Trends
Santiment shared a chart illustrating the rise in the number of shark and whale addresses since December 19th. Despite Bitcoin’s price decline, the number of large investors has increased by 753, marking a 3.9% rise.
This uptick occurred during a period of market volatility, suggesting that big-money investors are entering rather than exiting the market. This behavior showcases a bullish divergence, as noted by Santiment, even when short-term price fluctuations persist.
Long-term Trends and Implications
Over the past year, the count of these substantial holders rose by 12%, with 2,148 more addresses recorded since March 19th, 2025. This increase happened even though BTC experienced a bull run, offering lucrative exit opportunities that these investors chose to forgo.
Such trends underline the potential confidence these major investors have in Bitcoin’s long-term value, focusing on strategic accumulation rather than short-term gains.
As Bitcoin continues to navigate price challenges, monitoring the behavior of sharks and whales provides valuable insights into market dynamics and future price movements.
