Bitcoin Long-Term Holders Reduce Holdings Amid Market Trends

According to PANews, recent data indicates that Bitcoin long-term holders, defined as wallets holding Bitcoin for at least 155 days, have begun to reduce their holdings. Over the past 30 days, these holders have sold a total of 827,783 BTC. CryptoQuant analyst Axel Adler highlighted this trend, noting that the current average number of 'shrimp addresses'—wallets holding less than one Bitcoin—is approximately 323,000. Based on the current market trajectory, this figure is expected to rise to 351,000, marking an increase of approximately 8.67%. Adler further analyzed that the growth in shrimp addresses began when Bitcoin reached the price of $61,000. At that time, the number of such addresses was around 265,000. Since reaching that price level, the number of shrimp addresses has increased by 21.9%. This trend suggests a growing interest among smaller investors in the Bitcoin market, even as long-term holders are reducing their positions.