Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
A report shared by popular on-chain data aggregator Glassnode shows that shrimps (wallets that hold less than 1 BTC) have been accumulating Bitcoin aggressively recently.
On a monthly basis, they have been buying more than 33,400 Bitcoins. They have only 130/5,263 (2.5%) trading days recording a larger monthly position change, according to the tweet.
In total, these wallet owners ("shrimps") are holding 1.33 million Bitcoins. This is the equivalent of a whopping $40,707,975,000.
The Shrimp Cohort [<1 BTC] continue to aggressively accumulate #Bitcoin at a rate of +33.4K BTC / Month, with only 130 / 5263 (2.5%) trading days recording a larger monthly position change.
— glassnode (@glassnode) July 3, 2023
This brings the total coins held by the Shrimp class to 1.33M BTC. pic.twitter.com/hXx3Qq51i6
Yuri MolchanLong-term holder supply of Bitcoin a little short of ATH
Another tweet from Glassnode covers the recent changes in the Long-Term Holder Position Change index. Long-term Bitcoin holders remain "in a regime of gradual accumulation," per Glassnode, as they have added more than 1.01 million Bitcoins overall within the past 602 days, or nearly two years.
Currently, these wallets hold 14.47 million BTC, just 20 BTC short of an all-time high of 14.49 million BTC.
#Bitcoin Long-Term Holders have remained in a regime of gradual accumulation, amassing a total of +1.01M BTC over the last 602 days.
— glassnode (@glassnode) July 3, 2023
This has culminated in a Long-Term Holder supply of 14.47M, just -20K BTC shy of the ATH value of 14.49M. pic.twitter.com/JHbxWIjLhn
At the time of this writing, BTC is changing hands at $30,620 per coin after showing a mild rise of less than 0.3% within the past 24 hours and a rise of nearly 2% over the past week.
The rise to the $30,000 level and then above it occurred on June 20, when news was spread that BlackRock and several other major fund-managing companies filed applications with the SEC for Bitcoin spot ETFs. Aside from that, Fidelity, together with a few other Wall Street companies, launched a centralized crypto exchange, EDX.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov