Bitcoin's smallest holders, known as "shrimps," are accumulating the asset at a record pace this month, with on-chain data showing they are accumulating an average of 33,800 BTC per month. This is more than the number of new BTC issued by the network each month.
Meanwhile, "crabs," entities holding between 1 and 10 BTC, are gathering an additional 22,400 BTC per month, making up 83% of the mined supply. Glassnode analysts have pointed to an "ongoing transfer of wealth from investors with high time preferences towards HODLers," and analysts are giving the market significant odds of getting a Bitcoin Spot ETF past the U.S. Securities and Exchange Commission this year.
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