Summary
- It was reported that individual investor participation was low in the recent bull market.
- Despite Bitcoin reaching all-time highs, the number of wallets holding less than 1 BTC is on the decline.
- The contributor explained that current trading activity by individual investors is below the annual average.
An analysis has emerged that individual investors are not actively participating in this cycle yet.
On the 21st (local time), a contributor to Darkpost CryptoQuant stated on X (formerly Twitter) that "since 2021, Bitcoin (BTC) has reached all-time highs (ATH) several times, but individual investor participation is lacking," adding that "currently, wallets holding less than 1 BTC (shrimp wallets) are at their lowest level since 2021." When Bitcoin reached all-time highs in 2021 and 2024, there were approximately 590,000 and 490,000 shrimp wallets, respectively. However, it is currently only 260,000.
He said, "Bitcoin is currently nearing a new all-time high, but the enthusiasm of individual investors remains low," and "the 30-day moving average trading activity, which is significantly lower than the annual average, supports this."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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