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Bitcoin shrimps have accumulated 60K BTC in the last 30 days

Several analysts argue that shrimp accumulation is good for the Bitcoin network because it makes the asset more decentralized over time.

According to Glassnode's data, Bitcoin Shrimp has accumulated a lot of bitcoins over the past 30 years-a total of about 60, 000 bitcoins in its asset allocation.

Shrimp means that it comes with less than a bitcoin wallet. This group of retail investors invested a lot in BTC projects in all 2022. Their total account balance is currently 1.2 million bitcoins-about 6 per cent of the bitcoin supply.

In the past 30 years, Bitcoin has mostly traded at between $16000 and $18000. After the FTX implosion, the price of BTC has been fraught with difficulties, which caused an infection and seriously affected other login password companies such as Genesis, BlockFi and Midas.

The last time shrimp showed this belief was in July, when bitcoin traded for between $20, 000 and $25000. At that time, shrimp also accumulated about 60, 000 BTC in the department.

In addition, the high accumulation rate of shrimp is in sharp contrast to the large number of whales. Bitcoin whales have been selling property at an unprecedented rate.

For whales, the current use value of flagship digital money is very passive, and they sell the property in order to minimize damage.

However, some analysts believe that the accumulation of shrimp is helpful compared to the Bitcoin Internet, as it will make bitcoin assets more and more decentralized over time.

by wjb news
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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