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Bitcoin cohorts shrimps and crabs hold over 4 million BTC
Shrimps and crabs have accumulated 30k BTC each within the past 30 days, holding over 4 million BTC between the two cohorts.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Definition
The Shrimp cohort is a general catch-all for retail-level investors holding < 1 BTC. Historically this entity cohort has consistently added to their balance, and thus looking at relative aggressiveness is usually the most informative.
The Crab cohort generally describes retail-sized investors by wealth, who either have larger capital allocations and/or have accumulated over multiple years. Given Bitcoin's grassroots and retail-dominated history, this cohort consists of many well-informed, albeit retail-sized investors (the HODLers).
The chart presents the total balance held in orange, while the colored area is the 30-day net position change.
Quick Take
- The crab cohort has just surpassed 3 million Bitcoin. They are currently accumulating 30k Bitcoin.
- The most interesting part is they rarely sell. The last time was in May 2021 during the China ban. They may have learned their lesson this time.
- Shrimps do not seem to ever sell over a 30-day basis. They hold over 1.2m of the circulating supply, accumulating over 30k Bitcoin in the past 30 days.
- Both cohorts are accumulating at one of their fastest rates ever.
Market Cap $1.6T
24H Volume $33.68B
