Bitcoin Shrimps Accumulate BTC Above the Monthly Production
Interestingly, despite the current selling pressure, it turns out that retail players have been accumulating Bitcoin at every step. Citing data from Glassnode, popular crypto analyst Lark Davis explains: advertisement The purchases from Bitcoin shrimp (holders w/ less than 1 BTC) is currently out stripping the amount of BTC produced each month. Just small retail is eating all the new supply! Insane! Courtesy: Glassnode On the other hand, Bitcoin whales have also continued with accumulation since the beginning of 2022. However, they have been offloading their supply recently with BTC already gaining more than 75% since the beginning of the year. Bitcoin’s BRC20 Tokens Reach $1 Billion Market Cap The Bitcoin network has been recently flooded with activity from Bitcoin Ordinals aka Bitcoin NFTs which has resulted in a sharp surge in the Bitcoin network gas fee. Trending Stories MATIC Price Analysis : Polygon Price Lo...