Oh, the world of Bitcoin has turned into a magical factory where the tiniest of investors, let’s call them the Shrimps, Crabs, and Fish, are gobbling up the cryptocurrency faster than the miners can produce it! 🦐🐟
“Currently, the combined balance of these cohorts is expanding at a rate of approximately 19.3K BTC per month,” Bitfinex analysts said in a markets report on Monday, as if they were counting the number of chocolate bars in a Wonka factory.
Smaller Bitcoin Investors “Relentlessly Accumulating”
The analysts pointed out that the Shrimp (<1 BTC), Crab (1–10 BTC), and Fish (10–100 BTC) Bitcoin (BTC) holder groups are growing their Bitcoin portfolio much faster than the current monthly issuance rate, which has been around 13,400 BTC since the April 2024 halving. Imagine a group of tiny creatures hoarding more chocolate than the factory can produce!
“Demand from this segment alone is more than enough to absorb all new supply,” they said, adding that they are consistently buying no matter the price:
“This cohort-level accumulation trend supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers and are relentlessly accumulating with limited intervals.” It’s as if they’re saying, “More chocolate, please, and don’t mind the price!”
The aggressive accumulation comes as Bitcoin continues to set new all-time highs. On Monday, Bitcoin reached a new all-time high of $122,884 before retracing to $119,860 at the time of publication, according to CoinMarketCap data. It’s like a golden ticket that keeps getting more valuable!
Despite the bullish momentum, some warn of potential volatility ahead. Redstone co-founder Marcin Kazmierczak told CryptoMoon that while many crypto analysts are now calling for short-term Bitcoin targets as high as $140,000, “history teaches us that parabolic moves often invite sharp corrections.” It’s like a rollercoaster ride that can suddenly drop!
Rising Sentiment “Warrants Careful Position Sizing”
Kazmierczak pointed to the large number of leveraged positions wiped out in the past 24 hours as a reminder that “volatility remains Bitcoin’s constant companion.” Nearly $430 million in Bitcoin shorts were liquidated as the price surged past $121,000, according to CoinGlass data. It’s like a game of musical chairs where the music stops suddenly, and many are left standing!
He said investors should approach upcoming Bitcoin price milestones with caution, not euphoria, warning that rising sentiment “warrants careful position sizing.” It’s like being careful not to eat too much chocolate at once, or you might get a tummy ache!
The Crypto Fear & Greed Index, which measures overall market sentiment, posted a “Greed” score of 74 on Monday, marking the fifth consecutive day in Greed. It’s like the whole world is in a sugar rush!
Santiment analyst Brian Quinlivan recently warned that while rising sentiment may seem positive, similar spikes in trader optimism were followed by Bitcoin price drops on both June 11 and July 7. It’s like the calm before the storm, or the sugar crash after the high!
Meanwhile, crypto trading firm QCP Capital said, “Bitcoin’s relentless rally shows no signs of fatigue, surging past $122K as momentum accelerates.” It’s like a never-ending party where the music just keeps getting louder and the dance floor more crowded!
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2025-07-15 04:09