Bitcoin hits milestone as number of addresses holding 1 BTC nears 1M

Quick Take

• Bitcoin is approaching its one millionth address holding one BTC or more.
• This is exponential growth from this cohort, also known as “crabs”.
• The cohort that is just below “crabs”, is referred to as “shrimps”, which is currently accumulating Bitcoin at the third most aggressive rate in the past five years.
• This is encouraging to see as CryptoSlate analyzed that whales were distributing Bitcoin at an aggressive rate — which only distributed more Bitcoin to more holders.

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