Glassnode: The accumulation rate of wallets holding less than 100 bitcoins is about 19,300 BTC/month, which has exceeded the mining output rate of miners
2025/07/12 18:09
PANews reported on July 12 that Glassnode posted on the X platform that wallets that usually hold less than 100 BTC are called "Bitcoin shrimps, crabs, and fish." Such Bitcoin wallets are currently accumulating Bitcoin at an accelerated rate of about 19,300 BTC/month, while miners' mining output rate is only about 13,400 BTC/month, which means that the continued net absorption of BTC by small holders in the market is causing a measurable supply tightening.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Next week's macro outlook: CPI Judgment Day is coming, Bitcoin may continue to hit a record high
PANews reported on July 12 that although the July 9 tariff deadline has passed, market participants are still facing many uncertainties. US President Trump has begun to send letters to
Share
PANews2025/07/12 20:51
Scholar: The White House is creating legal reasons for Powell's resignation
PANews reported on July 12 that according to Jinshi, the White House is putting pressure on Powell on the renovation of the Federal Reserve headquarters building. Nick Timiraos, the "Federal
Share
PANews2025/07/12 19:53
Trump has sent tariff letters to 24 trading partners in four batches
PANews reported on July 12 that according to Jinshi, Trump has sent tariff letters to 24 trading partners in four batches: 1. The first batch of 14 countries on July
Share
PANews2025/07/12 20:58