Bitcoin shrimp ramp up accumulation, signaling shift in market structure

Throughout Bitcoin’s history, it’s been the long-term holders and those with substantial BTC balances who’ve traditionally played the role of market stabilizers—accumulating during downturns and distributing when the market peaks. Their actions, often driven by experience and unwavering conviction in the cryptocurrency’s potential, have been a consistent feature in the market.

However, a shift in the winds of the Bitcoin market has been observed over the past couple of years. Since the collapse of FTX, a new player has emerged on the scene with an increased appetite for accumulation: the Bitcoin shrimp. In this context, the term “shrimp” refers to addresses with balances of less than 1 BTC.