Bullish on Bitcoin: glassnode lead analyst shares his take. $BTC
that can be compared to 2017, when the flagship cryptocurrency, for the first time, soared to the $20,000 level.@_Checkmatey_ tweeted that"shrimps" have been stacking Satoshis recently at the rate of 33,800 BTC per month, while miners are issuing roughly 27,000 BTC monthly now. Therefore, as soon as each new BTC is issued, 1.25 BTC gets taken off the market by these shrimp-class investors.
Now, he says, shrimps are stacking Sats "harder, faster, and in a more sustained manner," despite all the market turbulence.The last time the little guy stacked this hard was 2017 ATH, buying the top. Five years later, they are stacking harder, faster, and in a more sustained manner, despite all the bullshit.
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