• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Increase in Bitcoin Wallets and Investor Confidence Growth

user avatar

by Giorgi Kostiuk

a year ago

Small-scale investors continue accumulating bitcoins, leading to an expected 9% growth in wallets holding less than 1 BTC.

Shrimp Wallets Growth Trend

Shrimp wallets reflect investor confidence despite Bitcoin reaching a price of $101,549. A further increase of 8.67% in addresses is anticipated in the near term.

"Given the current trend, I expect the number of addresses to rise further, reaching 351K in the near future," CryptoQuant analyst Axel Adler noted.

Market Analysis of Long-Term Holders

Long-term holders have started selling, realizing 827,783 BTC over the past 30 days, potentially signaling a market top.

Potential Market Impact

Despite recent selling, future price declines are expected to be less abrupt due to a decrease in selling pressure.

"With such a decline in sell-side pressure, we can expect future declines to be less abrupt than last week's 10% plunge," Bitfinex analysts comment.

Amidst small-scale investor accumulation and long-term holder strategies, the future of the cryptocurrency market remains uncertain.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

LIFE AI Selected for Prestigious FastTrack AI Accelerator Program

chest

LIFE AI has been selected for the inaugural FastTrack AI Accelerator program, aimed at advancing AI startups in the healthcare sector.

user avatarMaya Lundqvist

Jack Yi's Strong Confidence in ETH Fundamentals Amid Market Volatility

chest

Jack Yi expresses unwavering confidence in Ethereum's fundamentals despite recent market turbulence.

user avatarAisha Farooq

Addressing Valuation Gaps in M&A Deals

chest

Creative deal structures such as earnouts and escrows are essential for bridging valuation gaps in M&A.

user avatarMohamed Farouk

The Importance of Cultural Due Diligence in M&A

chest

A recent report highlights the critical role of cultural due diligence in preventing post-merger integration failures. M&A professionals are urged to conduct thorough cultural assessments before finalizing deals to identify potential clashes and ensure smooth integration, ultimately reducing failure rates in M&A transactions.

user avatarBayarjavkhlan Ganbaatar

Building Trust in M&A Negotiations

chest

In the high-stakes environment of mergers and acquisitions, establishing mutual trust through transparency is essential. A recent report highlights that radical candor can help negotiators foster trust and encourage mutually beneficial tradeoffs, ultimately increasing the likelihood of successful acquisitions.

user avatarTenzin Dorje

Expert Strategies for Successful Mergers and Acquisitions

chest

A recent expert report outlines ten critical strategies for M&A practitioners to navigate negotiations, dismantle roadblocks, and maximize shareholder value.

user avatarElias Mukuru

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.