The fragmentation and decentralization of Bitcoin continue!

From Glassnode:

Our analysis demonstrates that Bitcoin supply continues to disperse in time, settling into smaller entity wallets.

Over the 2021-23 cycle, Shrimp (< 1 $BTC) 🦐 and Crab (< 10 $BTC) 🦀 entities absorbed more than 2x the total coins mined, and are growing supply share at the greatest rate in history.