Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Asia’s first XRP investment fund launches with Ripple as early backer

    April 18, 2025

    Mercedes-Benz NXT Collaborates with Harm van den Dorpel and Fingerprints DAO to Launch “Maschine” NFT Collection | NFT CULTURE | NFT News | Web3 Culture

    June 9, 2023

    deBridge unveils points program ahead of upcoming token launch

    April 9, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Digital trade tensions take center stage between the U.S. and South Korea

      July 7, 2025

      Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

      July 6, 2025

      Bitcoin: Here's why BTC might fall to $105K despite all the hype

      July 5, 2025

      Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

      July 4, 2025

      Bitcoin Makes History With Highest Monthly Close, But Volume Is Still Bearish

      July 3, 2025
    • Technology

      Dogecoin price double bottoms as whale accumulation continues

      July 7, 2025

      Comment on Metaplanet Joins Top 5 Bitcoin Holders With 13,350 BTC as Stock Surges 10% by Bitcoin Treasuries Boom as Firms Add 8,400 BTC in Just One

      July 6, 2025

      Sonic Unveils New Consensus Protocol, Promising 2x Speed and 68% Less Memory Use

      July 5, 2025

      Why are Bitcoin and altcoins going down today?

      July 4, 2025

      Comment on XRP ETF Race Heats Up As SEC Reviews Filings by BONK Memecoin Pumps Over 16% amid ETF-Driven Interest

      July 3, 2025
    • Learn/Guide

      Plume Network brings real-world yield to TRON’s global payment ecosystem via SkyLink integration

      July 7, 2025

      TON introduces UAE Golden Visa program through crypto staking, Toncoin soars 13%

      July 6, 2025

      Russia’s industrial powerhouse Rostec to launch ruble-backed token on Tron

      July 5, 2025

      Dormant Bitcoin whale activates after 14 years and moves 60,000 BTC

      July 4, 2025

      Will the Bullish Trend Continue?

      July 3, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin: Sharks, Crabs lag as BTC Shrimps create staggering shift
    News

    Bitcoin: Sharks, Crabs lag as BTC Shrimps create staggering shift

    May 20, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin: Sharks, Crabs lag as BTC Shrimps create staggering shift
    Share
    Facebook Twitter LinkedIn Pinterest Email



    • Addresses holding between 0 to 1 BTC increased holdings, thus, hitting an ATH.
    • The coin might be undervalued considering the 365-day trend of one metric.

    Bitcoin [BTC] Shrimps, a term used to describe relatively small investors who hold less than one BTC have been accumulating. This has led their holding to hit an All-Time High (ATH). Often characterized by the ability to navigate market volatility, Glassnode noted that the holding of this set surpassed others.

    The #Bitcoin supply held by Shrimp Entities (<1 BTC) continues to relentlessly rise, expanding to an ATH of 1.31M coins.

    The cohort is currently experiencing a significant expansion of +26K coins per month, with only 202 (3.9%) trading days recording a larger monthly growth. pic.twitter.com/Fa2QCHxZPO

    — glassnode (@glassnode) May 18, 2023


    Read Bitcoin’s [BTC] Price Prediction 2023-2024


    The bottom of the chain rises

    As stated above, the supply held by Shrimp entities was 1.31 million. Furthermore, the on-chain platform pointed out that the holders have had an average monthly supply increase of 26,000 coins. 

    While they may not possess the same financial firepower, their collective influence ensured that the hike was greater than other groups. 

    Crabs, whose demographic is those who hold between 1-10 BTC, have also increased supply by 10.87%, Santimet revealed. However, Bitcoin whales have not been able to catch up despite a recent increase in balance.

    Sharks, typically early Bitcoin adopters, hold around 500 to 1000 BTC. For them, it has been a rollercoaster to the lower side of the plot.

    Source: Santiment

    The stunning shift in accumulation could be attributed to several factors. For one, the accumulation had been occurring for the last 365 days. Therefore, this implies that this cohort was of the viewpoint that BTC was undervalued. 

    Despite Bitcoin’s price increase in the new year, Shrimps remained steadfast that BTC’s peak was not yet nearby. But on looking at the 365-day Market Value to Realized Value (MVRV) ratio, on-chain data showed that a chunk of BTC holders was in gains.

    The MVRV ratio refers to the asset’s capitalization divided by the realized capitalization, used to indicate investor profitability and asset fair value. At the time of writing, the metric was 16.88%.

    Snatching the chance before…

    Therefore, the current state of MVRV aligns with the Shrimps’ resolve to continue holding. This also depicts a potential growth in BTC’s value.

    BTC price, and Bitcoin MVRV ratio

    Source: Santiment


    Is your portfolio green? Check the Bitcoin Profit Calculator


    Likewise, the balance on Shrimp addresses was not the only one affected by an increase. As of this writing, the cohort welcomed new members. This was because the number of investors holding 0-1 BTC significantly increased.

    Due to this, it could be said that retail holders consider BTC solid enough to be profitable in the long term, thereby seizing opportunity. Subsequently, BTC’s price in the last year ended with a 11.21% decrease, thanks to the notable recovery in the first quarter of the year.

    Number of addresses of Bitcoin Shrimps

    Source: Santiment





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025

    Crypto Analyst Says Bitcoin Will ‘Leave People in Awe’ Once BTC Breaks Out, Outlines Path Forward for XRP

    July 4, 2025
    Top Posts

    Elon Musk announces Grok 4 to be released just after July 4

    June 27, 2025

    Trump’s unconventional plan to erase $35t debt

    August 3, 2024

    Foot Locker Posts Q1 2023 Results, Sees Stock Sink 25% on Sales Drop

    May 20, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Digital trade tensions take center stage between the U.S. and South Korea

    July 7, 2025

    Traders Gear Up: FOMC Prep Signals Bitcoin, Altcoin Buying Frenzy

    July 6, 2025

    Bitcoin: Here's why BTC might fall to $105K despite all the hype

    July 5, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.