Data: Long-term Bitcoin holders have recently started to reduce their holdings, while the number of "shrimp" addresses is expected to increase by nearly 9%
According to Cointelegraph, data shows that long-term Bitcoin holders (wallets holding Bitcoin for at least 155 days) have recently started to reduce their holdings, selling 827,783 BTC in the past 30 days. CryptoQuant analyst Axel Adler pointed out that at this stage, the average number of "shrimp addresses" (wallets holding less than 1 BTC), which measure "retail interest", is about 323000. According to current market trends, this indicator is expected to reach 351000, an increase or touch of approximately 8.67%.
Axel Adler further analyzed that the growth of shrimp addresses began when Bitcoin touched $61,000 when the value of this indicator was about 265000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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