Bitcoin sharks, defined as entities holding between 100 and 1,000 BTC, have increased their holdings by 11% year-to-date, now possessing over 3.6 million BTC, according to Glassnode. This accumulation comes amid retail investor capitulation and a broader market downturn. The trend has been accompanied by a decrease in Bitcoin deposits to centralized exchanges, suggesting reduced selling pressure. The accumulation by sharks and whales, who have also turned bullish after a period of capitulation in late 2025, indicates a potential market reversal. Bitcoin's price has risen approximately 10% this week, surpassing $72,000 for the first time in a month. Despite this optimism, analysts caution that Bitcoin remains in a macro bear market, with potential price bottoms projected between $54,559 and $43,647.