#Bitcoin Shrimp (< 1 $BTC) 🦐 are stacking sats at a rate of 33.8k $BTC per month.
Issuance 🔵 is ~27.0k $BTC/mth
For every 1 new coin, Shrimp are taking 1.25 off the market.
Crazy conviction on display.
Discussion
Stacking at 22.4k #BTC per month == an additional 83% of the mined supply.
They are the most fascinating group. They hold 11% of the #Bitcoin supply. Overtaking the miner supply at (9.4%), while about to overtake the exchange supply at 11.4%.
In 10 months the issuance will be cut in half, but probably more shrimps will be there to buy, and very likely not only them.
If you also consider that the % of #BTC in exchanges is constantly trending down in contrapposition with self custody solution.
In the next cycle "Supply shock" will probably become a real thing, not just an hypothesis..
Act accordingly, #Bitcoin.
I’m trying!
How is this stacking defined? When I look at my onchain data I see that shrimps (addresses holding 0 - 1 #Bitcoin) are stacking on average 3k Bitcoins per week in 2023
Crabs (hodlers of 1 - 10 Bitcoins) are stacking on average 2k Bitcoins per week in 2023
How is shrimp defined here? Is it unique addresses with less than 1 btc?