Bitcoin miners are holding onto their coins and accumulating, despite recent price drops, records on May 12 shows. Their decision to hang on has been described by one observer as “one of the most sincere displays of conviction in the asset”. Bitcoin miners...
Bitcoin “shrimps” are accumulating at the fastest pace in history, data from Glassnode shows. The bitcoin accumulation According to the lead on-chain analyst at Glassnode, an on-chain data provider, “shrimps”, who are entities holding less than one bitcoin (BTC), are adding 28,000 BTC...
Recent data shows that whales have become active again. CryptoQuant analyst, who goes by the pseudonymous name SingleQuant, calls it the whale accumulation stage. The prices are still low and might look attractive for the whales to accumulate. The analyst believes that the...
Onchain data shows that retailers have been accumulating bitcoin (BTC) at the fastest pace since the collapse of FTX, a cryptocurrency exchange. Retailers accumulating bitcoin Glassnode shows that “shrimps”, that is, small-scale retail holders with between 0.1 BTC and 1 BTC, ramped up...