Bitcoin: Small holders are hoarding; BTC to $70K again?

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With the increase in prices, smaller Bitcoin addresses commenced accumulating BTC. Will BTC cross $70,000 in the future?

has passed the $70,000 mark and then witnessed a correction, speculation around what will happen next to the coin has flooded the crypto sphere.The price of Bitcoin may rally due to the behavior of two distinct groups of holders known as “crabs” and “fishes.” These terms refer to holders with Bitcoin holdings ranging from 1 to 10 BTC for crabs and 10 to 100 BTC for fishes.

Both crabs and fishes have experienced the highest level of accumulation since November 2023. Moreover, there are indications that even smaller holders, with holdings of 0 to 1 BTC, are joining this accumulation trend, as evidenced by recent data.

 

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