Yello, PrivateParadiseClub Members! 😎 Do you know the reason behind the Bitcoin growth? Let’s break down the latest data on small BTC holders (Shrimps):
💎The average number of addresses holding less than 1 BTC has surged to 323K, with BTC currently priced at $101K. This represents a 21.9% increase since the $61K level when there were 265K such addresses. These so-called “shrimps” are displaying remarkable confidence in Bitcoin growth, steadily accumulating coins even at these higher price levels. Meanwhile, the average weekly inflow of stablecoins (ERC-20) across all exchanges remains robust at $113B per day, with a peak inflow of $148B per day when BTC hit $88K.
💎What’s the view of the ParadiseTeam Professional Traders? Despite their nickname, these smaller holders are demonstrating a significant impact on Bitcoin growth upward. If this trend continues, I anticipate the number of addresses holding less than 1 BTC to rise further, reaching 351K soon. Moreover, the sustained high inflow of stablecoins highlights the potential for continued price growth as liquidity fuels market demand.
Stay focused, patient, and disciplined Paradisers🥂
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