Over the past 30 days, investors have amassed an impressive 88,000 BTC, with nearly 40%—around 35,000 BTC—accumulated by smaller players known as 'Crabs' (holding 1 to 10 BTC) and 'Shrimps' (holding less than 1 BTC). This surge in retail accumulation underscores the growing confidence among smaller investors in Bitcoin's future. But here's the key: the removal of 40,000 BTC from exchange wallets could signal a bullish market ahead. This reduction in liquidity, combined with a staggering accumulation rate that's seven times higher than the monthly issuance of just 13,500 BTC, sets the stage for significant market shifts. With only 26% of the circulating BTC supply considered liquid, Bitcoin’s market dynamics could soon take an interesting turn.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.