Bitcoin Sharks Gobble Up 65K BTC in Just 7 Days: Supply Crunch Intensifies

Whales are feeding frenzy—and they're not leaving crumbs for the little fish.

The Accumulation Game

Major holders snapped up 65,000 Bitcoin in a single week, pulling coins off exchanges faster than traditional finance can say 'regulated ETF.' This isn't casual investing—it's strategic hoarding during what many call crypto's mature phase.

Supply Shock Mechanics

Fewer coins in circulation mean one thing: upward pressure on prices. With institutional demand hitting new peaks and miners' rewards halving, available Bitcoin shrinks while adoption expands—a classic economic squeeze play that would make any central banker sweat.

Market Implications

Retail traders face steeper entry barriers as large players dominate liquidity. Meanwhile, Wall Street's latecomers scramble for position, proving once again that in crypto, the early sharks eat best—while traditional finance is still learning how to open a digital wallet.

Exchange Netflow data provides another LAYER of evidence. Net outflows—BTC being withdrawn from exchanges—have dominated in recent weeks. This indicates that investors prefer cold storage over keeping assets liquid for immediate trading. Combined with LTH absorption, this confirms that recent shark buying is not speculative churn but actual supply removal from circulation.

The alignment of shark accumulation, LTH buying, and sustained exchange outflows builds the conditions for a potential supply squeeze. While short-term corrections remain possible if leverage in derivatives overheats, the structural picture favors higher prices as soon as demand accelerates. Beneath the current volatility, the groundwork for Bitcoin’s next major leg higher appears to be quietly forming.

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 zone. The 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 setup. The 200-day SMA at $102,202 continues to anchor the long-term trend, confirming that bitcoin remains structurally healthy despite recent volatility.

The 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 watch.

On 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 focus.

Featured image from Dall-E, chart from TradingView