In this week's Glassnode Clips, we focus on Shrimp Balance Change:
- Shrimp, crabs, and fish, categorized as holders of under 100 BTC, are acquiring 92% of newly minted Bitcoin, reflecting significant investment activity by smaller market participants.
- The investment pattern significantly strengthened post the Luna and Three Arrows Capital collapses, signaling an extended phase of increased Bitcoin holding beginning in June 2022.
- Bitcoin's transition from liquid exchange wallets to investor-held wallets suggests a tightening supply, as investors, both new and established, exhibit a preference for holding over selling.
Discover more in the latest Glassnode Clips below 👇
https://www.youtube.com/watch?v=Bk4erUcu8l4
Post #753
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