The trend for long-term storage of cryptocurrencies dominates among large and small investors. For example, addresses controlling between 100 and 1,000 bitcoins saw their BTC holdings skyrocket earlier this week. In just 48 hours, their wallets increased by more than 20,000 coins, the Santiment team found out.
The number of addresses with a balance of 100 to 1000 BTC reached 3.88 million. This category of investors has accumulated more than 20% of the cryptocurrency supply.
The fall of bitcoin below $30,000 is likely to provoke another surge in hodler activity in the coming days.
The smallest wallets, or so-called shrimp holding less than 1 BTC, started buying after the collapse of the Terra project last spring.
Over the past 12 months, their reserves have increased by 1.8% of the total turnover of bitcoin, emphasized the company Glassnode.
Shrimp now controls 6.7% of the cryptocurrency market supply.
Arcane Research predicts BTC growth in the second half of the year. If the pace of accumulation continues or becomes more aggressive, then by mid-summer or by the end of autumn, bitcoin will reach $45,000, analyst Vetle Lunde emphasized. He also recalled that since January, the value of BTC has skyrocketed by more than 80%.
