In a Tweet, the blockchain analysis company Glassnode shared some information about how shrimp, crabs, and whales collect Bitcoin (BTC).
Change in the net position of BTC Shrimp
The post says that the number of shrimp (less than 1 BTC) and crabs (up to 10 BTC) has reached a record high. Since FTX went down, shrimps have added 96.2k BTC. This group of owners now has more than 1.21 million BTC, which is 6.3% of all the coins in circulation.
BTC crab net position change
Over the past thirty days, BTC crabs have added 191,600 BTC to their holdings. This fast accumulation beats the peak of 126,700 BTC in a month in July 2022.
Related: Analysts think that the price of Bitcoin will go down to between $11,000 and $14,000.
On the other hand, whales are selling off some of their BTC. According to data from Glassnode, whales have released about 6.5K BTC in the last month. Even though this is a distribution, the BTC that whales are giving away is still a small amount compared to the 6.3 million BTC they own in total.
TetherUS 1D and Bitcoin
According to CoinMarketCap, the price of BTC has dropped by 2.11% in the last 24 hours and is now at $16,213.67. The leader of the crypto market is still up more than 1% in the last week.
Over the last day, BTC also gained about 1.66% against its biggest competitor on the market, Ethereum (ETH).
The 24-hour trading volume of BTC is also in the green today. It has gone up by more than 34% and is now at $24,767,711,120.
