Bitcoin's supply is becoming more fairly distributed as shrimps keep accumulating Bitcoin during the bear market - 12 million shrimp hold 0.01 Bitcoin and 4.3 million shrimp 0.1 Bitcoin.
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If there's one unique aspect of this bear market, it is how much Bitcoin are being accumulated by shrimps, which is defined as someone with less than 1 Bitcoin. A lot of people became new shrimps around the first major capitulation in 2022 (Luna/3AC/Celsius) and around the second major capitulation in 2022 (FTX). Shrimps are adding about 26K Bitcoin every month. Source: CarlBMenger / Glassnode As of today:
Those are amazing statistics. The growth of the number of addresses with a balance of 1 Bitcoin shows how steady the growth has been since 2010: Even the whales with 10K Bitcoin or more have added lots of Bitcoin during this bear market. So, good news altogether as Bitcoin's supply is getting a much more fair distribution, with shrimps -people like us- getting a larger slice of the Bitcoin pie. This is great as all good should be shared and available to all. Bitcoin is a great thing! Are you a part of these statistics? And when did you become a shrimp? [link][comments] |
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