Bitcoin pumping! FTX breakout leads to aggressive BTC accumulation

Bitcoin pumping!  FTX breakout leads to aggressive BTC accumulation

Click Here To See The Best Crypto Presales That Could Increase 10X This Year!

The recent FTX crash has sparked massive capitalization across major cryptocurrencies, with Bitcoin (BTC) dropping as low as $15,682 in the past seven days. However, many investors are participating here.

The decline of the digital flagship did not deter investors. Because: On-chain data shows that all major categories of Bitcoin investors – whales, crabs and shrimp – have been aggressively accumulating BTC throughout the week.


Shrimp continue to accumulate BTC

Shrimp are retail investors with less than 1 BTC. Since the beginning of the bear market, this group has been actively accumulating more bitcoin as they find the asset increasingly affordable. mim research shows: Shrimp increased their balance over 60,000 BTC in July.

Accumulation of Bitcoin by Shrimp, Source: Glassnode

Shrimp is very sensitive to price changes. Now they have started aggressively to accumulate the digital asset. BTC is clearly back in a price range they think is attractive.

The net shrimp supply position has been rising since the beginning of the year, increasing regularly. Data from Glassnode shows that their holdings have surged after the FTX crash, rising to over 1 million.

“Crab” BTC job boom in November

Crabs are small investors with larger capital or cohorts that have accumulated BTC over the years. This cohort tends to be well informed about the asset despite the size of their holdings – typically between 1 BTC and 10 BTC.

Crab Bitcoin Supply, Source: Glassnode

As with the shrimp, on-chain data shows that the shrimp gained BTC strongly after the FTX crash.

The supply of BTC held by Crabs reached 2.8 million and their net supply position increased significantly in the second week of November. Its position has remained largely stable since September.

More positive statistics

The next category of investors to buy heavily into Bitcoin after the FTX incident is the so-called Fish to Shark cohort – holders of 10 to 1000 BTC.

Fish to Shark Bitcoin Offer, Source: Glassnode

According to on-chain data, this group’s BTC supply dropped significantly between May and June as the crypto industry was still suffering from the Terra LUNA crash.

After that, however, they aggressively accumulated the digital flagship and hit a new all-time high for the year at more than 6.9 million BTC.

Their net supply position, which has been relatively stable since August, rose in the second week of November.

BTC: Buy whales too

Bitcoin whales have more than 1,000 BTC. This cohort has been selling BTC heavily throughout the year as many have had to de-risk to maintain as much liquidity as possible given the negative macro conditions.

Bitcoin Whale Holdings, Source: Glassnode

However, like all other BTC investors, they seem to be bucking their long trend and have started acquiring Bitcoin since late October. However, the whale aggregation does not appear to have been driven by the FTX crisis – unlike other cohorts that saw an increase in procurement activity after the event.

Win $150,000: The Dash 2 Trade Presale project launches a great giveaway

Amid the bear market, the Dash 2 Trade presale project is creating a stir: D2T is developing an innovative trading platform that aims to help both small investors and professional traders make profits. Whether trading signals, risk management strategies, intuitive chain analysis and information about new, hot coins and betting exchange lists: Dash 2 Trade tries to offer everything traders care about. D2T is still in pre-sale and is already making a name for itself with a great giveaway: the team is giving away 150,000 dollars to interested investors!

Buy Dash 2 Trade in presale now

Text credit: Cryptoslate

Last updated on November 14, 2022

Buy Dash 2 Trade cheap in presale now!

  • Dash 2 Trade offers cutting-edge crypto analysis tools and many features
  • Currently, D2T tokens can be purchased in advance at a discounted price
  • The value of the new cryptocurrency Dash 2 Trade could soon explode

Buy IMPT now in the Presale!

  • The sustainable IMPT token is still in pre-sale.
  • Buy IMPT and support the transformation to a greener crypto future.
  • green cryptocurrency with huge potential.

Buy Tamadoge now at the OKX crypto exchange

  • The launch of Tamadoge at OKX on 09/27/22 was a huge success.
  • You can still invest early in the best new signal 2022
  • Play2Earn is a favorite crypto with a meme base cult factor

Crypto Launchpad: The Best Telegram Group!

  • Neutral market analysts
  • Daily summary: winners/losers of the last 24 hours
  • All because of the current NFT hype

Cryptocurrencies are a highly volatile, unregulated investment product. Your capital is at risk.

Snowfall Protocol (SNW) : le projet peut-il rivaliser avec le Dogecoin (DOGE) et Bancor (BNT) ?

Snow Protocol (SNW): Can the project compete with Dogecoin (DOGE) and Bancor (BNT)?

Ethereum-basierte Spiele, die im Jahr 2023 explodieren werden- Illuvium, Budblockz und Gods Unchained

3 Ethereum based games that will explode in 2023