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Bitcoin hits milestone as number of addresses holding 1 BTC nears 1M

The BTC Shrimp cohort displays strong stacking behavior, the third-highest rate in five years — BTC Crab cohort growing exponentially.

James Van Straten
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James Van Straten
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Quick Take

  • Bitcoin is approaching its one millionth address holding one BTC or more.
  • This is exponential growth from this cohort, also known as “crabs”.
  • The cohort that is just below “crabs”, is referred to as “shrimps”, which is currently accumulating Bitcoin at the third most aggressive rate in the past five years.
  • This is encouraging to see as CryptoSlate analyzed that whales were distributing Bitcoin at an aggressive rate — which only distributed more Bitcoin to more holders.
Number of addresses 1 Bitcoin: (Source: Glassnode)
Number of addresses 1 Bitcoin: (Source: Glassnode)
Number of addresses 1 Bitcoin or less: (Source: Glassnode)
Number of addresses 1 Bitcoin or less: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
$68,710.44 -0.63%
Market Cap $1.38T
24H Volume $34.92B