The number of Bitcoin wallets holding less than 1 BTC is expected to grow by 8.67% in the near future, as small investors continue to accumulate coins following Bitcoin’s price surge past $100,000. This conclusion comes from an analysis by CryptoQuant.
The average number of addresses holding less than 1 BTC currently stands at 323K (with BTC priced at $101K).
— Axel 💎🙌 Adler Jr (@AxelAdlerJr) December 14, 2024
This growth began when BTC was at $61K, at which point there were 265K such addresses. Since then, the number of addresses has increased by 21.9%.
Despite being labeled… pic.twitter.com/gK0AwOPWd1
“Shrimps demonstrate strong confidence in Bitcoin’s growth, continuing to accumulate coins even at current price levels,” stated the report.
Currently, an average of 323,000 addresses fall into this category. Experts predict this metric will increase to 351,000 in the near future.
The metric began rising from 265,000 wallets when Bitcoin was priced at $61,000. Since then, it has grown by 21.9%.
Earlier, CryptoQuant observed increased activity involving “old Bitcoins” after the psychological threshold of $100,000 was breached on December 5.
Previously, analysts warned of a potential pause in the rally of the first cryptocurrency.
Recall, Syncracy Capital co-founder Daniel Chung forecasted a sustained buying pattern of Bitcoin “on pullbacks.”
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