Bitcoin holders owning 100 BTC or less received 254% of last month’s mined supply Glassnode.

  • Despite Bitcoin’s price struggles, entities with less than 100 BTC bought 2.54 times the amount of all coins mined last month.
  • According to Glassnode data, these entities added 2,286 BTC per day.
  • Shrimps increased their BTC holdings by 117% last month, while crabs added 80% and fish bought 57% of mined bitcoin.

It seems that Bitcoin wallet addresses with less than 100 BTC have taken advantage of the recent drop in the value of the cryptocurrency to increase their positions.

Based on on-chain data shared by Glassnode, the groups ranging from shrimps (with less than 1 BTC) to fish (with less than 100 BTC) purchased 2.54 times the daily mined supply over the past month. With the current daily mined coins at around 900, these entities acquired 2,286 BTC per day.

Shrimps and crabs increase total BTC holdings 117% and 80% respectively

As shown in the chart below, the monthly absorption rates for shrimps, crabs, and fish were 117%, 80%, and 57%, respectively. This represents a massive 254% in terms of the share of mined coins – shrimps, crabs, and octopus and fish added to their total holdings last month. With Bitcoin’s price around $26,300, this amounts to more than $60 million worth of BTC per day.

Meanwhile, the supply held by whale entities continued to decline and stood at 34.4% as of June 2023. This represents a decrease of 45% since Bitcoin’s first halving in 2012, when whales accounted for 62.7% of the total BTC supply.

Currently, whales hold approximately 6.64 million BTC, down from a peak of 7.8 million BTC in 2016.