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Investors in the range of 0.01 BTC to 1 BTC are accumulating at very high speed right now and are hitting constant ATHs in the Supply they own.

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by COINS NEWS 98 Views

Investors in the range of 0.01 BTC to 1 BTC are accumulating at very high speed right now and are hitting constant ATHs in the Supply they own.

It is obviously always fun to look at how well or not so well certain groups of investors are doing like whales, but I think it is even more fun to look at how well we are doing ourselves. If I had to guess what kind of a Bitcoin holder group most of this sub consists of, I would very likely be thinking into shrimps and planktons.

And no those are not just some funny animal descriptions, but actually how many analysis refer to those groups. Shrimps are said to be the group holding 0.1 BTC to 1 BTC, anything under that is unofficially referred to as the planktons, though many just say holding any amount under 1 BTC makes you a Shrimp.

Moving out of those funny animal names, on this chart we actually have a visualisation of how these groups are accumulating right now with data from Glassnode.

0,01BTC to 1 BTC users accumulation speed of Bitcoin, by MitchellHODL

Basically, we are seeing one of the highest monthly accumulation of those shrimps right now, which is very comparable to the peak levels of 2017 bull market and actually even higher than during the last bull market in 2021. It is only lower to our massive accumulations this bear market while we were sub $20k. Seems like many actually took the opportunity.

Thus we are hitting near constant ATHs in the Supply hold by those smaller, retail, investors. Which just shows how smart we have actually become, even if many here usually say we are all β€œtoo dumbβ€œ. I would even say that we have become progressively more smart in when to accumulate, we do deserve a pat on our back here.

submitted by /u/partymsl
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