Bitcoin Retail Buys 22% More BTC Than Miners Create: Big Pump Next?

Retail Bitcoin (BTC) traders are scooping up coins faster than miners can produce them, a supply squeeze that could fuel the next big price move.

Shrimps and Fish Absorb Circa 17,000 BTC

Wallets holding less than 100 BTC, often dubbed Shrimps (<1 BTC), Crabs (1–10 BTC), and Fish (10–100 BTC), collectively added around 17,000 BTC over the past month, according to onchain data resource Glassnode.

That’s about 22% more than the 13,850 BTC issued by miners in the same period.

Shrimps alone accounted for nearly 10,000 BTC of the net inflow, underscoring persistent retail-led accumulation despite Bitcoin’s drop from over $123,000 levels in July to around $116,000 in August.

When smaller holders consistently buy more than miners create, it reduces the readily available BTC supply in the market. Over time, this can create upward pressure on prices, especially if demand from institutions or traders spikes simultaneously.

Demands appear to be consistent from larger wallet cohorts, including public companies and ETFs.

$112,000 Support Is Key to the Next Bitcoin Pump

Entity-adjusted URPD data highlights a significant accumulation cluster between $112,000 and $114,000, where nearly 120,000 BTC have changed hands. This zone now serves as a strong support level.

However, Glassnode analysts caution that this buffer needs to grow. If BTC were to lose $112,000, the next major support lies closer to $108,000, creating a price “air-gap” that could invite rapid downside.

That risk may explain recent choppiness, as smart money uses the consolidation phase to build positions before potentially driving BTC to fresh all-time highs.

A bull flag pattern on the daily chart points to a possible dip toward the $112,000 lower trendline. But bull flags typically resolve in breakouts, often leading the price higher by as much as the height of the previous uptrend.

If the technical pattern plays out, the measured move points to a $128,000 upside target, aligning with the broader bullish bias as long as $112,000 holds.