Quick Take
Bitcoin is approaching its one millionth address holding one BTC or more.
This is exponential growth from this cohort, also known as “crabs”.
The cohort that is just below “crabs”, is referred to as “shrimps”, which is currently accumulating Bitcoin at the third most aggressive rate in the past five years.
This is encouraging to see as CryptoSlate analyzed that whales were distributing Bitcoin at an aggressive rate — which only distributed more Bitcoin to more holders.
Number of addresses 1 Bitcoin: (Source: Glassnode)
Number of addresses 1 Bitcoin or less: (Source: Glassnode)
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