- The accumulation of BTC shrimps and crabs has reached all-time highs.
- BTC crabs have increased their holdings by 191.6k BTC over the last thirty days.
- The king coin is currently trading at $16,213.67 after a 2.11% drop in price.
A Tweet made by the blockchain analysis firm Glassnode shared some insights into the accumulation of Bitcoin (BTC) by three types of holders: shrimps, crabs, and whales.
BTC Shrimp net position change (Source: CoinMarketCap)
According to the post, the accumulation of shrimps (less than 1 BTC), and crabs (up to 10 BTC), has reached all-time highs. Shrimps have added 96.2k BTC since FTX collapsed. This group of holders now possesses over 1.21 million BTC, which is equivalent to 6.3% of the circulating supply.
BTC crab net position change (Source: CoinMarketCap)
Meanwhile, BTC crabs have increased their holdings by 191.6k BTC over the last thirty days. This aggressive accumulation trumps the July 2022 peak of 126k BTC in a month.
On the other hand, whales have been lightening their BTC holdings. According to Glassnode’s data, whales have released approximately 6.5k BTC on net over the last month. Although this is distribution, the amount of BTC released by whales is still dwarfed in comparison to their total holdings of 6.3 million BTC.
Bitcoin / TetherUS 1D (Source: CoinMarketCap)
According to CoinMarketCap, BTC is currently trading at $16,213.67 after a 2.11% drop in price over the last 24 hours. The crypto market leader is still, however, in the green by more than 1% over the last week.
BTC was also able to strengthen against its biggest competitor in the market, Ethereum (ETH) by about 1.66% over the last day.
BTC’s 24-hour trading volume is also in the green today and now stands at $24,767,711,120 after a more than 34% increase.
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