Rise in Bitcoin Addresses Holding Less Than 1 BTC

Growth of Bitcoin Addresses Holding Less Than One Bitcoin

According to recent insights shared by CryptoQuant analyst Axel Adler, there has been a notable trend in the number of Bitcoin addresses holding less than one Bitcoin. Currently, the average count of these addresses stands at 323,000.

Trends Over Time

This increase correlates with Bitcoin's price movements, beginning when the cryptocurrency was valued at around $61,000. At that time, the number of addresses holding less than one Bitcoin was recorded at 265,000.

Percentage Increase

Since that level, there has been a remarkable increase of 21.9% in the number of these addresses, indicating a growing trust in Bitcoin among smaller holders, often referred to as "shrimps." These investors continue to accumulate Bitcoin, demonstrating strong confidence in its future potential.

Future Projections

Given the ongoing trend of accumulation, it is expected that the number of these lesser-valued Bitcoin addresses might rise further, potentially reaching 351,000 soon. This trend showcases the resilience and belief of smaller investors in the long-term growth of Bitcoin.

Conclusion

Ultimately, the increase in Bitcoin addresses holding less than one Bitcoin is a significant indicator of market dynamics and investor sentiment. The continuing accumulation by these holders suggests a bullish outlook for Bitcoin, even amidst price fluctuations.

Sources

For more detailed analysis and market insights, visit Odaily and CryptoQuant.