Retail Investors Maintain Faith in Bitcoin Bull Run

The number of Bitcoin wallets with balances under 1 BTC is expected to rise by 8.67% in the near future, as small investors continue to accumulate coins following the price breakthrough of $100,000, according to CryptoQuant.

The average number of addresses holding less than 1 BTC currently stands at 323K (with BTC priced at $101K).

This growth began when BTC was at $61K, at which point there were 265K such addresses. Since then, the number of addresses has increased by 21.9%.

Despite being labeled… pic.twitter.com/gK0AwOPWd1

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“Shrimps demonstrate strong confidence in Bitcoin’s growth, continuing to accumulate coins even at current prices,” the report states.

Currently, this category of market participants includes an average of 323,000 addresses. Experts predict that this metric will soon rise to 351,000.

The growth began at 265,000 when the leading cryptocurrency was valued at $61,000. Since then, it has increased by 21.9%.

Earlier, CryptoQuant recorded increased movement of “old Bitcoins” after surpassing the psychological level of $100,000 on December 5.

Prior to this, analysts warned of a potential pause in the rally of the leading cryptocurrency.

Back in earlier reports, Syncracy Capital co-founder Daniel Chung predicted a steady mode of buying digital gold “on pullbacks.”