- Unwavering Bitcoin Shrimp amass record volumes and defy market trends.
- Active addresses increase as BTC stabilizes around the $28,000 range.
According to a chart dated May 28 through Glasnodea fascinating trend has emerged under Bitcoin [BTC] shrimps. These individuals have shown an unwavering commitment to accumulating BTC regardless of asset price fluctuations. According to the chart, there was a notable increase in shrimp holdings – over 24,600 BTC. Surprisingly, only 4.3% trading days (224 out of 5,226) saw greater exposure expansion.
Source: Glassnode
At the time of writing, shrimp had a significant supply of around 1.3 million BTC, a record high for their company. This accounted for more than 6% of the total Bitcoin supply. It is impressive that the annual absorption rates for this group have remained consistently positive from the start.
In addition, shrimp experienced an unprecedented increase in relative balance growth at the time of writing, with an absorption rate equal to 105% of annual issuance. It is important to note that Bitcoin Shrimp are BTC holders with less than one BTC.
Bitcoin total holders and supply
According to Santiment data, April witnessed a remarkable upward trend in the number of Bitcoin holders. Before this upward trend, the number of holders was about 45 million, and the trend started with adding 1 million new holders.
At the time of writing, the number of BTC holders had passed 47.8 million, showing a gradual increase compared to previous days.
Source: Sentiment
In addition, an analysis of the total Bitcoin supply revealed a consistent pattern of growth. At the time of writing, the total supply of BTC was over 19.5 million.
While these metrics may not have a significant impact on their own, an increase in price would certainly affect the overall value of these accumulated positions.
Source: Sentiment
How much are 1,10,100 BTC worth today?
A slight upward trend in active addresses and price
When examining Bitcoin’s seven-day active address stat on Santiment, there seemed to be a recent decline in activity. However, there is a resurgence in the number of active addresses, indicating an upward trend. At the time of writing, the number of active addresses has passed 4.6 million.
Source: TradingView
In addition, the price of BTC was up 4.28% at the close of trading on May 28, bringing it to around $28,071. At the time of writing, the price was still hovering around $28,000, despite a slight drop.
