The number of small bitcoin wallets is expected to increase by 9% as investors continue to accumulate funds beyond the $100,000 mark
As small investors continue to accumulate funds despite the #bitcoin price crossing the $100,000 mark, the number of bitcoin wallets worth less than 1 #BTC is expected to increase by around 9%.
According to Axel Adler, crypto analyst and CryptoQuant contributor, this trend reflects the growing confidence of retail investors.
spite of being called 'shrimpers,' these holders continue to accumulate coins even at current prices, demonstrating their confidence in bitcoin's growth, Adler said in a December 14 post on X's website.
Shrimp wallets, which hold less than 1 BTC each, are considered an important indicator of retail investors' interest in bitcoin. According to Adler, there are currently 323,000 Shrimp addresses, and that number is about to increase by 8,000. Adler noted that the growth of Shrimp wallets began when bitcoin was at $61,000 and the number of addresses at that time was 265,000.
Holding less than 1 BTC The average number of addresses is currently 323,000 (BTC price: USD 101,000).
This growth started when BTC was worth USD 61K and the number of addresses at that time was 265,000. Since then, the number of addresses has increased by 21.9%.
Since then, the number of Shrimp addresses has increased by 21.9%, indicating the active participation of retail investors during the Bitcoin price rise.
According to CoinMarketCap, bit
While small investors continue to accumulate funds, large long-term holders (those who have owned bitcoin for more than 155 days) are getting rid of their assets.
Some analysts believe that the recent sell-off of long-term holders could signal a market ceiling and that weakening buyer demand could lead to bearish sentiment.
They point to profit taking and reduced selling pressure as signs of a more gradual future.
Read us at: Compass Investments