Larry

Bitcoin

Read

BlackRock

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">The past month has seen retail Bitcoin (BTC) investors increasing their activity in the flagship cryptocurrency. Data from Glassnode, an on-chain market intelligence platform, shows that more Bitcoin addresses now hold smaller quantities of the cryptocurrency.</p>
<h2 id="analyzing-glassnode-data">Analyzing Glassnode data</h2>
<p dir="ltr">In an X<a href="https://x.com/glassnode/status/1882362337115656366" rel="noopener noreferrer nofollow">post,</a> Glassnode shared a chart showing an increased Bitcoin supply from investors holding between 1 and 10 BTC. These investors categorized under the Shrimp and Crab cohort amassed 1.9 times last month’s newly minted Bitcoin supply, amounting to 25,600 BTC.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Demand from retail investors for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> at prices around $100K remains strong - The Shrimp-Crab cohort (up to 1 and 10 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a>, respectively) absorbed 1.9x the newly mined Bitcoin supply last month, a total of +25.6k <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>: <a href="https://t.co/l0sjVN2Toi" rel="noopener noreferrer nofollow">https://t.co/l0sjVN2Toi</a> <a href="https://t.co/UdzcCWXAGo" rel="noopener noreferrer nofollow">pic.twitter.com/UdzcCWXAGo</a></p>— glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1882362337115656366?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 23, 2025</a>
</blockquote>
<p dir="ltr">These smaller investors increased their BTC purchases at prices around $100,000. The increasing retail activity on the Bitcoin market reflects an influx of new investors. It demonstrates that the recent BTC surge is not caused by existing investors or whales artificially pushing the market up.</p>
<p dir="ltr">Additionally, the growing retail demand for Bitcoin might signify an accumulation-phase trend. If the ongoing trend continues, it could cement the adoption of BTC, potentially leading to a further price uptrend.</p>
<p dir="ltr">However, it is important to note that retail investors are historically more susceptible to panic during minor market fluctuations, often resulting in quick profit-taking. Therefore, Bitcoin could face increased selling pressure if volatility rises or market sentiment shifts negatively.</p>
<p dir="ltr">As of this writing, BTC's price has been trading at $102,395, down 3.5% in the last 24 hours.</p>
<h2 id="bitcoin-whales-push-harder">Bitcoin whales push harder</h2>
<p dir="ltr">Intriguingly, a recent U.Today<a href="https://u.today/bitcoin-whales-picking-up-steam-as-etfs-attract-nearly-250-million-worth-of-inflows" rel="noopener noreferrer nofollow">report</a> revealed that Bitcoin whales have resumed their market activity. On Wednesday, the spot Bitcoin Exchange-Traded Fund (ETF) market amassed net inflows of $248 million. This suggests that institutional demand remains rather high, notwithstanding Bitcoin's disappointing price movement.</p>
<p>Meanwhile, BlackRock CEO Larry Fink recently<a href="https://u.today/blackrock-ceo-suggests-bitcoin-price-might-reach-700000" rel="noopener noreferrer nofollow">forecast</a> that Bitcoin could surge toward the $700,000 level. Fink said his prediction hinges on Bitcoin’s ability to attract broader institutional adoption. The CEO also revealed a potential Bitcoin investment with a sovereign wealth fund.</p> <a href="https://u.today/retail-bitcoin-investors-get-active-25000-btc-stacked-in-one-month" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Retail Bitcoin Investors Get Active, 25,000 BTC Stacked in One Month

Table of Contents

U_Today

Other articles published on Jan 23, 2025

7M OpenSea Leaked Emails Fully Publicized: Report

Step Into the Future of Crypto: Embrace the $BUILT DIFFERENT Movement

Nibiru EVM (Nibiru V2) Codebase Finalized Following Rigorous Security Audits (23 Jan)

Looking for the Best Altcoins to Buy and Hold for Short-Term Gains? Qubetics’ Stage 18 Presale at...

Shiba Inu News Today: Shiba Inu Now Forms A Deathcross

Algorand rolls out crypto's most inclusive staking rewards program (23 Jan)

Join our free newsletter for daily crypto updates!