Small-scale Bitcoin holders aggressively stacking Sats

2023-7-5 12:51

Quick Take

CheckMate, a noted analyst from Glassnode, recently shed light on the fascinating behavior of Bitcoin ‘shrimps.’ These small-scale holders, each with less than one Bitcoin in their portfolio, are aggressively accumulating satoshis.

To put it in perspective, these ‘shrimps’ are collectively stacking approximately 33.8k Bitcoin (BTC) monthly. To compare, the average monthly Bitcoin issuance is approximately 27.0k BTC. This data essentially means that for every newly minted Bitcoin, the ‘shrimp’ cohort is taking 1.25 off the market.

In addition, when we scrutinize the distribution of Bitcoin holdings across different cohorts, the ‘crab’ group piques our interest. Despite being relatively small holders, Crabs collectively own nearly 11% of the Bitcoin supply. This percentage surpasses the holdings of Bitcoin miners and is rapidly nearing the quantity held in exchanges.

Cohort % Supply Shrimp 6.80% Crab 10.80% Fish 16.90% Shark 20.00% Whale 34.20% Exchange 11.60% Miner 9.40%

Aggregate Supply: (Source: Glassnode)

Lastly, the supply of Bitcoin held in exchanges has been experiencing a steady decline. The ‘whale’ cohort, or large Bitcoin holders, also shows a similar trend. Their current holdings sit at a low of 34%, the smallest aggregate percentage observed to date.

These shifts in Bitcoin ownership across different cohorts create fascinating dynamics within the Bitcoin market.

Entity Balance Dominance: (Source: Glassnode)

The post Small-scale Bitcoin holders aggressively stacking Sats appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61472.77 (+0.21%)
Объем 24H $25.512b
Изменеия 24h: -1.73 %, 7d: 6.72 %
Cегодня L: $60884.44 - H: $61650.41
Капитализация $1210.979b Rank 1
Цена в час новости $ 30690.78 (100.3%)

bitcoin small-scale aggressively holders each these shrimps

Источник: cryptoslate.com

bitcoin small-scale → Результатов: 18


Фото:

On Curbing Market Manipulation, Sen. Warren Tells Why She’s Skeptical Of Bitcoin As An Inflation Hedge

The cryptocurrency market requires tighter regulation to benefit small-scale investors and enable the government to push back on the whale-ridden market, according to Senator Elizabeth Warren. The Chair of the Senate Banking Subcommittee made the remarks during an interview with CNBC, adding that heavy money movers often manipulate the price of crypto assets like bitcoin […]

2021-7-29 17:47


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Tether CEO Paolo Ardoino teases potential Pear Phone powered by P2P apps

Paolo Ardoino, the Chief Executive Officer of Tether and co-founder of peer-to-peer platform Holepunch, recently hinted at plans to potentially develop a “Pear Phone” in the future. In an X post, Ardoino floated the idea of building an Android-compatible phone based on the Android Open Source Project (AOSP).

Aave proposes upgrade to v4 in strategic 2030 roadmap

Aave Labs has released its strategic roadmap for 2030 that introduces several key initiatives, including the launch of Aave V4, a new visual identity, and expanded DeFi functionalities. The “Temp Check” proposal aims to gather the Aave community’s feedback on the proposed enhancements to advance the Aave protocol.