Bitcoin supply held by shrimps hits all-time high of 1.31 BTC

Bitcoin supply held by shrimps hits all-time high of 1.31 BTC
фото показано с : coinjournal.net

2023-5-20 17:33

Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins. Shrimps have been adding an average of 26,000 BTC every month, data shows. The growth of the shrimp cohort is a positive development for the Bitcoin network.

The amount of Bitcoin held by “shrimps” – those wallet entities that currently hold less than 1 BTC) has reached a new all-time high.

According to data from Glassnode, shrimps have increased their total holdings to 1.31 million BTC. The cohort has witnessed the gradual increase in holdings over the past several months.

Shrimps grow holdings by +26,000 BTC every month

Per data Glassnode shared via Twitter, the shrimp cohort has experienced a significant expansion of their holdings in 2023. This followed a similar trend last year, with the buying among this group coming despite the greater volatility that hit the market.

Specifically, shrimps have added 26,000 or more Bitcoin every month. Since July 2020, only 202 (3.9%) trading days have recorded a larger monthly growth.

The suggestion from this is that retail investors have been aggressive in accumulating BTC, with the dips seen during the bear market providing investors with an opportunity to buy Bitcoin at low prices.

The chart below shows the growth in the amount of BTC held by wallet addresses with less than 1 bitcoin. As you can see, the amount held by these entities has increased significantly in June/July 2022 and again in November/December and January 2023.

Increase in small holders is a positive for the long-term health of Bitcoin’s network as the metric suggests retail investors are confident in the cryptocurrency’s growth and long term potential.

The post Bitcoin supply held by shrimps hits all-time high of 1.31 BTC appeared first on CoinJournal.

origin »

Bitcoin (BTC) на Currencies.ru

$ 81844.99 (-0.03%)
Объем 24H $30.339b
Изменеия 24h: -2.15 %, 7d: -6.09 %
Cегодня L: $80441.76 - H: $82217.47
Капитализация $1624.017b Rank 1
Цена в час новости $ 26897.58 (204.28%)

bitcoin btc high all-time shrimps shows every

Источник: coinjournal.net

bitcoin btc → Результатов: 126


Фото:

El Salvador Buys The Dip Scooping Up 5 BTC — Despite IMF Pressure To Back Off Bitcoin

El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]

2025-3-5 21:15


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC agrees to dismiss enforcement case against Consensys

The US Securities and Exchange Commission (SEC) has agreed in principle to dismiss its securities enforcement case against Consensys, according to a Feb. 27 statement. Once final approvals are secured, the SEC will file a stipulation with the court to formally close the case.

Mt. Gox Mystery: Defunct Exchange Moves Over $2 Billion In Bitcoin – Details

Mt. Gox is back in the news, this time, transferring 32,371 Bitcoin, valued at $2.19 billion at current prices, to an undisclosed address. The transaction from a defunct crypto exchange happened when Bitcoin’s market price was stuck in the $65k to $73k range and anticipating the results of the US elections. Related Reading: No Comeback: […]

Consensys cuts workforce by 20% amid restructuring

Consensys is reducing its workforce by 20%, a move designed to streamline operations and reinforce its leadership in the web3 space, according to an Oct. 29 release. The staff cuts are part of its new restructuring plan, which aims to strengthen its long-term sustainability and commitment to decentralization as it navigates tough economic conditions and […] The post Consensys cuts workforce by 20% amid restructuring appeared first on CryptoSlate.