Bitcoin Shrimp Supply Has Hit A New All-Time High Value

05/29 14:10

According to on-chain data from Glassnode, the supply of Bitcoin held by small investors with less than 1 BTC, known as "shrimps," has reached an all-time high. In the past month alone, the shrimp supply has increased by 24,600 BTC. This trend suggests that retail investors are aggressively accumulating Bitcoin. The increase in shrimp supply during events such as the 3AC bankruptcy and FTX collapse may be due to larger holders withdrawing from centralized platforms and moving their coins into smaller wallets. The recent aggressive accumulation by retail investors is a positive sign for Bitcoin adoption.

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