Reuters
Cryptoverse: Shrimps and whales keep bitcoin afloat
Shrimps, investors that hold less than 1 bitcoin, are collectively adding to their balance at a rate of 60,460 bitcoin per month, the most aggressive rate in history, according to an analysis by data firm Glassnode. Whales, those with more than 1,000 bitcoin, were adding 140,000 coins per month, the highest rate since January 2021. After bitcoin’s worst month in 11 years in June, the decline appears to have abated as transaction demand seemed to be moving sideways, according to Glassnode, indicating a stagnation of new entrants and a probable retention of a base-load of users, ie HODLers.