Glassnode: Small investors are increasingly buying up bitcoins

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Glassnode analystsclaim that, unlike large whale investors, investors with a balance of less than 1 bitcoin are (so-called “shrimps”) FTX added 96,200 BTC to its total holdings after the crash.

This group of small investors now ownsmore than 1.21 million BTC, which is equivalent to 6.3% of the circulating supply of Bitcoin in the world, Glassnode experts say. Another category of small Bitcoin holders who took advantage of the opportunity to buy the first cryptocurrency at the bottom are the so-called “crabs” with assets from 1 to 10 BTC.

This category of investors for the last 30 daysadded a total of 191,600 BTC to her total balance. For both shrimp and crab, November buying marked a record high in balances, with the latter surpassing the July 2022 peak of 126,000 BTC.

On the other hand, whales are investors with a balance sheetmore than 1,000 BTC — in November they partially got rid of their bitcoin assets, sending about 6,500 BTC to crypto exchanges in a month. According to analysts, this may signal a readiness to sell. But the amount is still minuscule compared to the whales' total assets of 6.3 million BTC. Experts note that a significant number of investors have been and are storing bitcoins in cold wallets, as trust in centralized exchanges has been greatly shaken.

Last week, analyst Benjamin Cowen warned of an impending fall in Bitcoin. After which growth will follow.