June 30 (Cointime) - The number of addresses holding less than 1 BTC, known as "Shrimps", has increased threefold since the recent Bitcoin rally began. This surge was mainly driven by old addresses, indicating that long-term holders were accumulating more Bitcoin in anticipation of further price growth.
Meanwhile, the transaction activity on the Bitcoin network remained low, with seasoned investors showing a stronger desire to accumulate and hold rather than lock in short-term gains.
The interest shown by traditional finance giants continues to inject momentum and volatility into the king of digital assets, with Bitcoin briefly pushing over $31,000 before retreating to $30,904 at the time of writing.
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