Bitcoin and altcoinsWhile the rally in the last few years has pleased the investors, it is wondered whether this rally will continue or not.
at this point Glassnode analyst, known by the pseudonym Checkmate, Addresses with less than 1 Bitcoin i.e. shrimps have been seen per month recently. 33,800 BTC He said he was collecting.
The miners are currently approximately monthly. 27,000 BTC Sharing his release, Glassnode analyst stated that as soon as a new BTC comes out, it is withdrawn from the market by shrimps.
Stating that this investor group, known as Shrimp, has aggressively bought BTC, the analyst said that they hold 1.33 million Bitcoins in their hands.
According to the analyst, these investors last accumulated BTC so aggressively in 2017, and then bitcoin It reached $20,000 for the first time in history.
“Shrimp holding less than 1 BTC are aggressively buying Bitcoin and are accumulating 33,800 BTC per month.
The last time this group of investors stacked Bitcoin this hard was at the 2017 ATH.
Five years later, despite all the bullshit, this group of investors is accumulating BTC harder, faster and more sustainably.
This situation points to the bull.”
This chart is the success of #Bitcoin education visualized via on-chain data.
The last time the little guy stacked this hard was 2017 ATH, buying the top.
Five years later, they are stacking harder, faster, and in a more sustained manner, despite all the bullshit.
bullish https://t.co/btS9rCnOO4
— _Checkɱate 🔑⚡🌋☢️🛢️ (@_Checkmatey_) July 5, 2023
*Not investment advice.
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