Bitcoin cohorts shrimps and crabs hold over 4 million BTC

Definition

The Shrimp cohort is a general catch-all for retail-level investors holding < 1 BTC. Historically this entity cohort has consistently added to their balance, and thus looking at relative aggressiveness is usually the most informative.

The Crab cohort generally describes retail-sized investors by wealth, who either have larger capital allocations and/or have accumulated over multiple years. Given Bitcoin’s grassroots and retail-dominated history, this cohort consists of many well-informed, albeit retail-sized investors (the HODLers).

The chart presents the total balance held in orange, while the colored area is the 30-day net position change.

Quick Take

• The crab cohort has just surpassed 3 million Bitcoin. They are currently accumulating 30k Bitcoin.  
• The most interesting part is they rarely sell. The last time was in May 2021 during the China ban. They may have learned their lesson this time. 
• Shrimps do not seem to ever sell over a 30-day basis. They hold over 1.2m of the circulating supply, accumulating over 30k Bitcoin in the past 30 days.
• Both cohorts are accumulating at one of their fastest rates ever.

The post Bitcoin cohorts shrimps and crabs hold over 4 million BTC appeared first on CryptoSlate.