- Low-balance Bitcoin investors are aggressively accumulating BTC.
- These investors, known as “shrimps,” have increased their monthly investment amounts to 33.4k BTC.
- The SEC’s actions and lawsuits against cryptocurrency actors may impact shrimp investment decisions.
Low-Balance Bitcoin Investors Aggressively Accumulating BTC
A recent report from Glassnode, an on-chain analytics platform, reveals that low-balance Bitcoin investors, known as “shrimps,” are adopting an aggressive investment strategy. These investors, who hold less than 1 BTC, have been steadily increasing their monthly investment amounts over the past 130 days, resulting in a total of 33.4k BTC worth $1 billion. Currently, shrimps collectively own 1.33 million BTC valued at $40 billion.
SEC’s Actions and Lawsuits Impacting Shrimp Investment Decisions
The Securities and Exchange Commission (SEC) has taken a strong stance against the cryptocurrency ecosystem, and its actions and lawsuits are believed to have an influence on shrimp investment decisions. The regulatory uncertainty and potential legal consequences surrounding cryptocurrencies have made shrimps more cautious in their investment strategies. They are closely monitoring the SEC’s actions and adjusting their portfolios accordingly.
Long-Term Bitcoin Investors Continue to Accumulate BTC
While shrimps are aggressively accumulating BTC, long-term Bitcoin investors have also been consistently buying Bitcoin over the past two years. These investors have purchased a total of 1.01 million BTC worth $30.9 billion. Currently, their total holdings amount to 14.47 million BTC, slightly below the peak of 14.49 million BTC. Despite market fluctuations, long-term Bitcoin investors remain confident in the future of the cryptocurrency.
