{"id":21094,"date":"2023-05-19T14:34:51","date_gmt":"2023-05-19T14:34:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-shrimps-holdings-jump-to-1-31-million-btc\/"},"modified":"2023-05-19T14:34:51","modified_gmt":"2023-05-19T14:34:51","slug":"bitcoin-shrimps-holdings-jump-to-1-31-million-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-shrimps-holdings-jump-to-1-31-million-btc\/","title":{"rendered":"Bitcoin shrimps holdings jump to 1.31 million BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684506607612-31f8daa5-8720-4b60-b41e-d0736f391456-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684506607612-31f8daa5-8720-4b60-b41e-d0736f391456-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684506607612-31f8daa5-8720-4b60-b41e-d0736f391456-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1684506607612-31f8daa5-8720-4b60-b41e-d0736f391456-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins.<\/li>\n<li dir=\"ltr\">Shrimps have been adding an average of 26,000 BTC every month, data shows.<\/li>\n<li dir=\"ltr\">The growth of the shrimp cohort is a positive development for the Bitcoin network.<\/li>\n<\/ul>\n<p dir=\"ltr\">The amount of <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin<\/a> held by \u201cshrimps\u201d \u2013 those <a href=\"https:\/\/coinjournal.net\/wallets\/\">wallet<\/a> entities that currently hold less than 1 BTC) has reached a new all-time high.<\/p>\n<p dir=\"ltr\">According to <a href=\"https:\/\/twitter.com\/glassnode\/status\/1659279592899637253\" rel=\"noopener noreferrer\" target=\"_blank\">data<\/a> from Glassnode, shrimps have increased their total holdings to 1.31 million BTC. The cohort has witnessed the gradual increase in holdings over the past several months.<\/p>\n<h2 dir=\"ltr\">Shrimps grow holdings by +26,000 BTC every month<\/h2>\n<p dir=\"ltr\">Per data Glassnode shared via Twitter, the shrimp cohort has experienced a significant expansion of their holdings in 2023. This followed a similar trend last year, with the buying among this group coming despite the greater volatility that hit the market.<\/p>\n<p dir=\"ltr\">Specifically, shrimps have added 26,000 or more Bitcoin every month. Since July 2020, only 202 (3.9%) trading days have recorded a larger monthly growth.<\/p>\n<p dir=\"ltr\">The suggestion from this is that retail investors have been aggressive in accumulating BTC, with the dips seen during the bear market providing investors with an opportunity to buy Bitcoin at low prices.<\/p>\n<p dir=\"ltr\">The chart below shows the growth in the amount of BTC held by wallet addresses with less than 1 bitcoin. As you can see, the amount held by these entities has increased significantly in June\/July 2022 and again in November\/December and January 2023.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption    fr-fic fr-dib fr-draggable\" style=\"width: 615px\"><span class=\"fr-img-wrap\"><a href=\"https:\/\/twitter.com\/glassnode\/status\/1659279592899637253\" rel=\"noopener noreferrer\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/04\/19\/1684506138046-7c6d8ab7-56de-4993-8c07-1776fa24bb82.jpg\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"353\"\/><span class=\"fr-inner\"\/><\/a><\/span><\/span><\/div>\n<p dir=\"ltr\">Increase in small holders is a positive for the long-term health of Bitcoin\u2019s network as the metric suggests retail investors are confident in the cryptocurrency\u2019s growth and long term potential.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-supply-held-by-shrimps-hits-all-time-high-of-1-31-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin wallets with less than 1 BTC now hold an all-time high of 1.31 million coins. Shrimps have been adding an average of 26,000 BTC every month, data shows. The growth of the shrimp cohort is a positive development for the Bitcoin network. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21094"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21094"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21095"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}