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Bitcoin Shrimps are Accumulating Despite Market Uncertainty: Hints of a Near Bottom?

  • Despite Bitcoin's recent struggles, 'shrimps' (holders with less than 1 BTC) are accumulating more tokens.
  • On-chain analytics platform Glassnode reports that shrimps are accumulating at a rate of 17.6K BTC per month.
  • These small investors are often regarded as the smart money, buying low and selling high.
  • Bitcoin's price action in the coming weeks will determine if current levels mark another bottom for the cryptocurrency.

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