We can model the yearly balance change of #Bitcoin wallet cohorts, and compare to volumes of $BTC mined over the last year.

Both Shrimps (< 1 BTC) and Crabs (1-10 BTC) are at ATH accumulation rates by this metric.

- 🦐 +105% of mined coins
- 🦀 +119% of mined coins

Both of these cohorts have historically been net #Bitcoin accumulators, consistently growing their balance, but also behaving in line with macro cycles.

Of interest is the period from May to December 2021, where Crabs significantly reduced their accumulation until LUNA collapsed

View this metric in our Entity Balance Change Dashboard which is available for our Professional members.