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According to on-chain data, shrimps, or investors possessing less than 1 BTC are currently stacking at a rate of 33,800 BTC per month. Glassnode’s pseudonymous Lead Analyst According to Lead Glassnode Analyst James Check, shrimps are currently accumulating an average of 33,800 BTC per month. This is more than the number of new BTC The Shrimps who possess less than 1 BTC each, have been steadfastly accumulating the king coin at an impressive rate of 33,800 BTC per month. The analysis was According to Lead Glassnode Analyst James Check on Twitter, shrimps are currently accumulating an average of 33,800 BTC per month. That’s more than the number of In a bullish display of conviction, retail holders with less than 1 bitcoin, referred to as “shrimps,” are accumulating more coins than miners can issue every month, on-chain According to Lead Glassnode Analyst James Check on Twitter, shrimps are currently accumulating an average of 33,800 BTC per month. That’s more than the number of Glassnode data shows a breakdown of all cohorts from less than one BTC, referred to as shrimps, up to over 10,000 BTC, called humpback whales. A value closer to

Bitcoin Shrimps Are Buying 33,800 BTC Every Month: What It Means for the Market

Are Bitcoin “shrimps” – those investors holding less than 1 BTC – shaping the future of the cryptocurrency market? The latest on-chain data reveals a fascinating trend: **Bitcoin shrimps are buying 33,800 BTC every month**, a significant accumulation that’s turning heads and sparking discussions about market dynamics.

Shrimps Accumulating BTC at an Unprecedented Rate

According to on-chain data, shrimps, or investors possessing less than 1 BTC are currently stacking at a rate of 33,800 BTC per month. This impressive figure highlights the growing conviction among smaller retail investors in Bitcoin’s long-term potential. The Shrimps who possess less than 1 BTC each, have been steadfastly accumulating the king coin at an impressive rate of 33,800 BTC per month.

Glassnode Analyst Confirms the Trend

The analysis was According to Lead Glassnode Analyst James Check on Twitter, shrimps are currently accumulating an average of 33,800 BTC per month. That’s more than the number of new BTC being mined. This is more than the number of new BTC entering circulation each month. This means that demand from these smaller investors is exceeding the newly minted supply, potentially driving up the price of Bitcoin.

More BTC Than Miners Can Issue

In a bullish display of conviction, retail holders with less than 1 bitcoin, referred to as “shrimps,” are accumulating more coins than miners can issue every month, on-chain According to Lead Glassnode Analyst James Check on Twitter, shrimps are currently accumulating an average of 33,800 BTC per month. That’s more than the number of Bitcoin miners can produce, signaling strong buying pressure.

Glassnode Data and Bitcoin Cohorts

Glassnode data shows a breakdown of all cohorts from less than one BTC, referred to as shrimps, up to over 10,000 BTC, called humpback whales. A value closer to the accumulation habits of "shrimps" provides valuable insights into the overall health and direction of the Bitcoin market. This active accumulation is a noteworthy factor for anyone watching Bitcoin closely.

Implications for the Bitcoin Market

The continued accumulation of 33,800 BTC per month by Bitcoin shrimps suggests a strong and growing base of retail support for the cryptocurrency. This sustained demand, outpacing the supply, could contribute to future price appreciation and long-term market stability.

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