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?
submitted by /u/Beyonderr