'Bitcoin shrimp,' those with less than 1 BTC, have begun a surprising accumulation pattern. Their steady, relentless acquisition even in the face of price dips not only showcases their resolve but also indicates a striking shift in Bitcoin's market dynamics... What could this mean for the future of Bitcoin, and how might this democratization of holdings reshape the network?
Bitcoin shrimp ramp up accumulation, signaling shift in market structure
09/12/2023 02:00
Since the collapse of FTX, a new player has emerged on the scene with an increased appetite for accumulation: the Bitcoin shrimp.
Bitcoin shrimp ramp up accumulation, signaling shift in market structure 30 seconds ago · 2 min read
Newer, smaller investors are have made aggressive moves to consolidate Bitcoin holdings over the last year.
2 min read
Updated: September 11, 2023 at 7:52 pm
Cover art/illustration via CryptoSlate