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Glassnode Insights: Small holders appear unfazed by downturn as they continue to accumulate spot BTC

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by COINS NEWS 132 Views

According to Glassnode Insights, not only are the number of wholecoiners growing, which are people who own at least 1 BTC, addresses with less than 1 BTC are also accumulating aggressively since November ATH. This is what you love to see.

The so called shrimps who own less than 1 BTC have taken nearly 50% of the new bitcoin issuance since November.

More than 855,000 addresses now hold at least 1 BTC. 20,000 new addresses have accumulated at least 1 BTC in the last month. Addresses with more than 10 BTC, 100 BTC and 1000 BTC are gradually reducing.

A great distribution of wealth is happening as the small holders are increasingly becoming a rising force. The magic of proof of work.

https://insights.glassnode.com/the-week-onchain-week-24-2022/

submitted by /u/KAX1107
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