Bitcoin Nears All-Time High as ’Shrimps’ Gobble Up 10,000 BTC in Record Time

Bitcoin's price is knocking on the door of its historic peak—and the little guys are loading up fast.

Retail investors—dubbed 'shrimps' in crypto parlance—have scooped up 10,000 BTC in mere days, signaling a potential bull run. While Wall Street hedgies debate their yacht upgrades, Main Street's stacking sats like there's no tomorrow.

The question isn't whether BTC will break ATH, but how many Lambo memes we'll see when it does.

Bitcoin price continued to climb as small investors, known as “Shrimps,” added nearly 10,000 BTC USD to their holdings in just one week.

The strong demand came as markets stayed steady and long-term holders took profits.

Small Wallets Pile In as Bitcoin Price Builds Momentum

Bitcoin price moved closer to its all-time high as wallets holding less than 100 BTC, known in the market as “Shrimps,” added nearly 10,000 BTC USD in just seven days.

The update came from Glassnode, which tracks blockchain activity. These smallholders played a major role in the overall demand.

Glassnode said the total monthly balance growth from Shrimp-to-Fish wallets (those holding under 100 BTC) was over 17,000 BTC.

That number was higher than the total new supply of Bitcoin, which was about 13,850 BTC for the month.

This meant more Bitcoin was being taken off the market than created, mostly by smaller buyers.

Despite a drop in trading activity since mid-July, interest remained strong. Spot volume fell from $10.22 billion on July 16 to $6.61 billion by August 7.

Futures volume also dropped from $60.17 billion to $41.05 billion. Still, these levels were well above the lows from earlier in July.

In a separate post on X, Ali Martinez, a crypto market analyst, noted that long-term holders sold about $44.5 million worth of Bitcoin over the last two days.

If anything, this suggested that some investors who had held their coins for a while were now taking profits as the Bitcoin price soared.

Still, this is happening simultaneously even as newer participants continue to buy.

BTC USD Market Remains Calm as Risk Signals Stay Low

Notably, as of August 1, bitcoin price remained in what analysts called a “low-risk” zone.

Bitcoin Vector, a market research group, said the coin was still holding support NEAR $114,000 and had stayed in a low-risk state for 100 days.

That same pattern was seen from October 2020 to April 2021, during a long upward trend.

Seven days later, Swissblock referred back to that calm period and said that early fears of a breakdown under $110,000 had not played out.

The bitcoin price had reached a key range known as the “blue zone,” and analysts said buyers would now wait to see if momentum would return.

According to the analysis, if the BTC USD price holds, the next possible MOVE could be a breakout toward $120,500.

Meanwhile, as of writing, market data shows that Bitcoin price was trading at $116,613.15.

So far, the market has remained steady, and analysts said the lack of major price swings or unusual signals has made it a period of calm.

Many were watching to see if demand from smaller holders WOULD keep pushing the price higher.

Block Increases Holdings Despite Bitcoin Losses

Bitcoin price has also gained traction amid soaring interest from corporations. Block Inc., led by CEO Jack Dorsey, added another 108 BTC to its holdings during the second quarter of 2025.

The company now holds 8,692 Bitcoin in total, according to a filing with the U.S. Securities and Exchange Commission.

Block’s total revenue for the quarter came in at $6.05 billion. Gross profit ROSE 8.2% to $2.54 billion.

Much of this came from Bitcoin-related activity through Cash App. Still, Block reported a $212.17 million revaluation loss on its Bitcoin holdings, caused by a drop in Bitcoin’s market value.

Interestingly, a year earlier, it had posted a gain of $70.12 million for the same quarter. The steady interest from both small and large buyers has helped support the recent price rise.

Besides Block, other active Bitcoin buyers include Strategy, Metaplanet, and the Smarter Web Company.

As spotted recently, the Smarter Web Company has raked in a BTC USD yield of 48,273%. Having said that, it appears the Bitcoin price may continue its positive momentum with soaring demand.