{"id":26244,"date":"2025-01-14T11:35:18","date_gmt":"2025-01-14T11:35:18","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=26244"},"modified":"2025-01-14T11:35:18","modified_gmt":"2025-01-14T11:35:18","slug":"bitcoin-minions-make-a-comeback-their-share-in-supply-rises-to-6-9","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/bitcoin-minions-make-a-comeback-their-share-in-supply-rises-to-6-9\/","title":{"rendered":"Bitcoin Minions Make a Comeback: Their Share in Supply Rises to 6.9%"},"content":{"rendered":"\n

Recent on-chain data indicates that Bitcoin Shrimps have resumed their accumulation efforts, with their share of the total Bitcoin supply increasing to 6.9%.<\/p>\n

<\/span>Bitcoin Shrimps Accumulating 17,600 BTC Monthly<\/span><\/h2>\n

According to a recent update<\/a> from the analytics firm Glassnode on X, the supply held by Bitcoin Shrimps is on the rise. \u201cShrimps\u201d are defined as market participants who hold less than one full Bitcoin.<\/p>\n

The following chart illustrates the trend in Bitcoin Shrimp Supply over the past few years.<\/p>\n

<\/p>\n

The graph shows a recent increase in the supply held by Bitcoin Shrimps, now totaling approximately 1.36 million BTC, which accounts for about 6.9% of the overall circulating supply.<\/p>\n

This recent uptick marks a shift in trend, moving away from a previous decline. Glassnode has also included a second metric that clearly demonstrates this change: the Shrimp Supply Net Position Change.<\/p>\n

This metric monitors the net flow of BTC into or out of Shrimp wallets, revealing that the indicator turned negative last year when Bitcoin was peaking at new all-time highs.<\/p>\n

This suggests that Shrimps may have taken profits during that high price period. Now that Bitcoin has entered a bearish phase, these investors appear to be returning to buy, viewing current prices as an attractive opportunity.<\/p>\n

While small investors might seem slow to react, they have exhibited intelligent investing behavior in recent times, notably during the bear market lows of 2022 when they consistently accumulated BTC.<\/p>\n

Since their return to buying, the Net Position Change for Shrimp Supply has escalated significantly, indicating an inflow of 17,600 BTC per month into their wallets, which is notable.<\/p>\n

In other updates, demand for Bitcoin spot exchange-traded funds (ETFs) has rebounded over the past week, as highlighted in another post<\/a> from Glassnode.<\/p>\n

\"Bitcoin<\/p>\n

After experiencing low demand at the start of the year, Bitcoin spot ETFs saw inflows reach $1.7 billion in the week beginning January 6th, exceeding the $1.35 billion average seen from October to December of the previous year.<\/p>\n

<\/span>Current BTC Price<\/span><\/h2>\n

Bitcoin continues to follow a bearish trend, and its price has decreased to $91,700.<\/p>\n

\"Bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

Recent on-chain data indicates that Bitcoin Shrimps have resumed their accumulation efforts, with their share of the total Bitcoin supply increasing to 6.9%. Bitcoin Shrimps Accumulating 17,600 BTC Monthly According to a recent update from the analytics firm Glassnode on X, the supply held by Bitcoin Shrimps is on the rise. \u201cShrimps\u201d are defined as […]<\/p>\n","protected":false},"author":14,"featured_media":26245,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Bitcoin Minions Make a Comeback: Their Share in Supply Rises to 6.9% - Bitrabo","description":"Recent on-chain data indicates that Bitcoin Shrimps have resumed their accumulation efforts, with their share of the total Bitcoin supply increasing to 6.9%. Bi"},"footnotes":""},"categories":[316],"tags":[448,987,837,680,1179,762],"class_list":["post-26244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bitcoin","tag-buying","tag-hits","tag-share","tag-shrimps","tag-supply"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=26244"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/26244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/26245"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=26244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=26244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=26244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}