Retail holders with less than 1 bitcoin, referred to as "shrimps," are accumulating more coins than miners can issue every month
Highlights
- Retail holders with less than 1 bitcoin, referred to “shrimps,” are accumulating more coins than miners can issue every month.
- Shrimps are stacking an average of 33,800 bitcoin (BTC) monthly.
- This is the highest dollar-value accumulation since the peak of the bull market.
- Miners are sending approximately $105 million worth of bitcoin to exchanges, the second largest USD-denominated transfer on record.
- The number of unique addresses holding over 1 BTC surpassed 1 million for the first time in May 2023.
- Bitcoin’s dominance is around 50% of the total crypto market cap, according to Glassnode data shows.
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Congrats, you’ve just survived the longest bitcoin bear market ever