Bitcoin (BTC)’s smallest holders are deploying money into the asset at a record pace this month, reflecting a sense of shared optimism across the Bitcoin market in 2023.
On-chain data shows that “shrimps” – Bitcoin addresses holding less than 1 BTC – haven’t accumulated this aggressively in nearly six years.
Small Holders Stack Their Sats
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 issued by the network each month, which is 27,000 BTC.
“For every 1 new coin, Shrimp are taking 1.25 off the market,” wrote Check. “Crazy conviction on display.”
#Bitcoin Shrimp (< 1 $BTC) are stacking sats at a rate of 33.8k $BTC per month.
Issuance is ~27.0k $BTC/mth
For every 1 new coin, Shrimp are taking 1.25 off the market.
Crazy conviction on display. pic.twitter.com/2n7BdwBuWw
— _Checkɱate (@_Checkmatey_) July 5, 2023
In BTC terms, the fastest ac
We współpracy z: https://cryptopotato.com/bitcoin-shrimps-are-stacking-their-hardest-since-2017-glassnode/
