Bitcoin Accumulation Surges as Small Investors and Long-Term Holders Stock Up
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Bitcoin's supply held by long-term holders has reached an all-time high according to Glassnode data.
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Smaller investors like "Shrimps", "Crabs", and "Fish" are accumulating newly mined Bitcoin at a rate of 92%.
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The ratio of long-term to short-term Bitcoin holders is at its highest level since July 2021.
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Illiquid Bitcoin supply continues to grow by 71,000 BTC per month.
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Nearly all investor groups are increasing their Bitcoin holdings so far in 2023.