"Wow, does that mean the price of BTC is going to go up again?"
The price of cryptocurrency king Bitcoin (BTC) reportedly managed to regain the important level of $30,000 in July as whales including shrimp flocked to collect large amounts of the digital asset.
In context, shrimp investors are defined as those who hold less than one BTC while whales hold more than 1,000 of the digital asset.
Through observation, the BTC Shrimp Cohort, which is the address that holds less than 1 such digital asset, has moved forward aggressively by collecting more than 33,400 BTC every month.
Please note that the accumulation is one of the largest movements ever made by shrimp, where the total amount held by the shrimp so far is around 1 million BTC.
In addition to helping many long-term holders make profits after the price of BTC crosses $30,000, the current profit rate for the circulating supply of BTC which is over 79% is capable of driving the future growth of crypto markets including BTC.
As of this writing, BTC price has surged by 1.68% to $31,211 in the last 24 hours with a market cap of $606 billion and a further 2.89% gain over the past week.
While Ethereum (ETH) gained around 0.67% at $1,956 in the last 24 hours with a market capital of $606 billion and Ripple (XRP) gained 1.19% at $0.48 and rose around 2.14% in the last seven days.
