Bitcoin accumulation by whales began in April and increased until late June, when the price per BTC reached the $20,000 range. Meanwhile, the accumulation rate has already exceeded the size of the second half of both 2020 and 2021 but lags behind the first half of 2021. The concentration of 8.69 million BTC, or 45.6%, of the total supply can be consideredLife in the crypto ocean
It is unclear if at least 50% of the BTC supply will be accumulated before the capitulation is completed and the new momentum begins, but one can say that Bitcoin whales now have more influence on the process, and this can hardly be considered a good signal. At the same time, according to the same Glassnode tweets, whales are not alone in aggressively buying Bitcoin. Thus, minority holders with wallets of less than 1 BTC, amusingly referred to as shrimps, are also intensively accumulating at a pace
. Due to the stats, shrimps purchase an average of 36,750 BTC per month and currently control 1.12 million BTC, which equates to 5.87% of the total supply.
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