In 2024, there's a noticeable shift in the Bitcoin market dynamics as small investors begin to actively accumulate assets. This change gains particular importance in the current market conditions.
Return of Small Investor Interest
Throughout most of 2024, retail investors seemed absent from the market despite the bullish trend. However, starting from the last quarter, active accumulation of new wallets with less than 1 BTC began.
Scale of Shrimp Accumulation
The trend of accumulation by small holders is changing the absorption structure of new BTC, both from mining and sellers. 'Shrimp' acquired more than 6.9% of all produced Bitcoin, exceeding even the active ETF accumulation. These small investors now own 1.36 million BTC, comparable to the holdings of corporate buyers.
Rapid Shifts in the Bitcoin Market
Bitcoin quickly recovered above $94,000, rising nearly $5,000 in a single day of trading. This shows asset resilience despite a sharp drop in the Fear and Greed Index. For now, the support remains above $90,000, and constant purchases and exchange withdrawals indicate fewer panic episodes in spot trading.
The current trend of accumulation by small investors continues to exert significant influence over the Bitcoin market. These changes highlight the importance of retail investors as significant contributors to the current asset volatility.
