{"id":118196,"date":"2023-07-05T12:59:53","date_gmt":"2023-07-05T12:59:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/small-scale-bitcoin-holders-aggressively-stacking-sats-crypto-news\/"},"modified":"2023-07-05T12:59:55","modified_gmt":"2023-07-05T12:59:55","slug":"small-scale-bitcoin-holders-aggressively-stacking-sats-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/small-scale-bitcoin-holders-aggressively-stacking-sats-crypto-news\/","title":{"rendered":"Small-scale Bitcoin holders aggressively stacking Sats\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<h2>Quick Take<\/h2>\n<p>CheckMate, a noted analyst from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/_Checkmatey_\/status\/1676498354359111681?s=20\">glassnode<\/a>, recently shed light on the fascinating behavior of Bitcoin &#8216;shrimps.&#8217;  These small-scale holders, each with less than one bitcoin in their portfolio, are aggressively accumulating satoshis.<\/p>\n<p>To put it in perspective, these &#8216;shrimps&#8217; are collectively stacking approximately 33.8k Bitcoin (BTC) monthly.  To compare, the average monthly Bitcoin issuance is approximately 27.0k BTC.  This data essentially means that for every newly minted Bitcoin, the &#8216;shrimp&#8217; cohort is taking 1.25 off the market.<\/p>\n<p>In addition, when we scrutinize the distribution of Bitcoin holdings across different cohorts, the &#8216;crab&#8217; group piques our interest.  Despite being relatively small holders, Crabs collectively own nearly 11% of the Bitcoin supply.  This percentage surpasses the holdings of Bitcoin miners and is rapidly nearing the quantity held in exchanges.<\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"126\" \/>\n<col width=\"174\" \/><\/colgroup>\n<thead>\n<tr>\n<th data-sheets-value=\"{\"1\":2,\"2\":\"Cohort\"}\">Cohort<\/th>\n<th data-sheets-value=\"{\"1\":2,\"2\":\"% Supply\"}\">%Supply<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Shrimp\"}\">Shrimp<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.068}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">6.80%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Crab\"}\">crab<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.108}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">10.80%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Fish\"}\">Fish<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.169}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">16.90%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Shark\"}\">Shark<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.2}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">20.00%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Whale\"}\">whale<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.342}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">34.20%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Exhange\"}\">exchange<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.116}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">11.60%<\/td>\n<\/tr>\n<tr>\n<td data-sheets-value=\"{\"1\":2,\"2\":\"Miner\"}\">miner<\/td>\n<td data-sheets-value=\"{\"1\":3,\"3\":0.094}\" data-sheets-numberformat=\"{\"1\":3,\"2\":\"0.00%\",\"3\":1}\">9.40%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: center;font-size: 0.8em\">Aggregate Supply: (Source: Glassnode)<\/p>\n<p>Lastly, the supply of Bitcoin held in exchanges has been experiencing a steady decline.  The &#8216;whale&#8217; cohort, or large bitcoin holders, also shows a similar trend.  Their current holdings sit at a low of 34%, the smallest aggregate percentage observed to date.<\/p>\n<p>These shifts in Bitcoin ownership across different cohorts create fascinating dynamics within the Bitcoin market.<\/p>\n<figure id=\"attachment_339979\" aria-describedby=\"caption-attachment-339979\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-339979\" class=\"wp-caption-text\">Entity Balance Dominance: (Source: Glassnode)<\/figcaption><\/figure>\n<p>The post <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/insights\/small-scale-bitcoin-holders-aggressively-stacking-sats\/\">Small-scale Bitcoin holders aggressively stacking Sats<\/a> appeared first on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\">CryptoSlate<\/a>,<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick Take CheckMate, a noted analyst from glassnode, recently shed light on the fascinating behavior of Bitcoin &#8216;shrimps.&#8217; These small-scale holders, each with less than one bitcoin in their portfolio, are aggressively accumulating satoshis. To put it in perspective, these &#8216;shrimps&#8217; are collectively stacking approximately 33.8k Bitcoin (BTC) monthly. To compare, the average monthly Bitcoin [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":118197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-118196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=118196"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118196\/revisions"}],"predecessor-version":[{"id":118198,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118196\/revisions\/118198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/118197"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=118196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=118196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=118196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}