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Glassnode: The accumulation rate of wallets holding less than 100 Bitcoins has reached approximately 19,300 BTC per month, surpassing the mining output rate of miners.
PANews, July 12 news, according to Glassnode’s post on platform X, wallets holding less than 100 BTC are commonly referred to as “Bitcoin shrimps, crabs, and fish.” These types of Bitcoin wallets are currently accelerating their accumulation of Bitcoin at a rate of about 19,300 BTC/month, while miners’ mining output rate is only about 13,400 BTC/month. This means that the continuous net absorption of BTC by small holders in the market is causing a measurable supply contraction.