Small-scale Bitcoin investors categorized as Shrimp, Crab, and Fish holdings are accumulating BTC at an unprecedented rate, exceeding the monthly issuance from mining following April 2024’s halving event.
Data reveals these groups now collectively absorb more than the roughly 13,400 BTC introduced monthly post-halving, driving demand beyond miner supply levels and reinforcing a bullish market outlook. This aggressive accumulation underscores strong retail conviction despite Bitcoin’s volatile nature.
Market sentiment indicators align with this momentum, with the Crypto Fear & Greed Index registering a ‘Greed’ score of 74 for five consecutive days. Additionally, nearly $430 million worth of Bitcoin short positions faced liquidation recently, intensifying upward price pressure.
Analysts caution against underestimating Bitcoin’s inherent volatility, advising investors to maintain robust risk management strategies even amid current optimism. Simultaneously, trading firms such as QCP Capital highlight the growing divergence between bullish momentum and market dynamics, reinforcing positive longer-term projections for the asset.