Bitcoin wallets holding less than 1 BTC, known as “shrimp wallets,” are projected to grow by 9% soon, reflecting retail investors’ confidence despite Bitcoin’s surge past $100,000, according to CryptoQuant’s Axel Adler. Currently, there are 323,000 shrimp wallets, a number expected to reach 351,000, driven by consistent accumulation.
This growth trend began when Bitcoin was at $61,000, with shrimp wallets increasing by 21.9% since then. Meanwhile, long-term holders have sold over 827,000 BTC in the past month, raising concerns about a potential market top.
Despite selling pressure easing, analysts predict future Bitcoin dips will be less severe than the recent 10% drop earlier this month.
Source: Cointelegraph
