On-chain data suggests the smallest of Bitcoin investors, the shrimps, have been showing smarter behavior during this cycle.
Bitcoin Shrimps Accumulated During The Bear Market Crashes This Cycle
In a new post on X, the lead on-chain analyst at Glassnode,@_Checkmatey_, has discussed how the behavior of the shrimps has evolved in the BTC sector during recent years.
The “shrimps” here refer to investors who are carrying less than 1 BTC in their wallets. One way to track the behavior of these retail holders is through the shrimp “net position change,” which measures the monthly increases or decreases that are taking place in the combined supply of this cohort.
The below chart highlights the trend in this Bitcoin indicator over the last few years:
The data for the metrics related to the supply of these small investors | Source: @_Checkmatey_ on X
As is visible in the graph, the Bitcoin shrimps have been constantly expanding…
