Yigit Taha OZTURK 
Crypto analyst Axel Adler highlighted the strong conviction of small-scale Bitcoin investors, known as “shrimps,” that Bitcoin’s price will maintain its upward trend. Wallets holding less than 1 BTC are projected to increase by approximately 9% shortly, despite Bitcoin surpassing the $100,000 milestone.
In his December 14 analysis, Adler explained:
“These investors demonstrate strong confidence in Bitcoin’s growth and continue accumulating coins even at current price levels.”
Shrimp Wallet Growth Trend
Currently, the number of wallets holding less than 1 BTC stands at 323,000, a figure expected to grow by 8.67% to approximately 351,000 in the near future. This upward trend began when Bitcoin was trading at $61,000, during which shrimp wallet numbers increased by 21.9%.
While shrimp wallets show increasing accumulation, long-term holders—wallets holding Bitcoin for at least 155 days—have sold 827,783 BTC over the past 30 days, indicating some profit-taking at these price levels.
Analyst Insights on Selling Pressure
Despite long-term holders offloading large amounts of BTC, Bitfinex analysts noted in their December 9 report that future Bitcoin price dips might not be as steep as the 10% decline seen earlier this month. This is due to the decreasing sell-side pressure after Bitcoin first crossed the six-figure price mark.
Bitfinex analysts added:
“With reduced realized profit and sell-side activity, we expect future price corrections to be less abrupt than last week’s.”
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.