Shrimps purchasing Bitcoin over the past month have broken records for purchases of BTC.
In total, more than 200,000 BTC were bought by these two groups of holders. The investment strategies going on right now shows some unity between shrimp and whale buying behavior in the bear market.
While the market has stabilized since the mid-June low, both shrimp and whales are pursuing aggressive accumulation strategies.
In recent days, Be[In]Crypto has looked at the strategy led by whales, who hold at least 1,000 BTC tokens, observing that they are intensifying their investment strategy on Bitcoin.
Indeed, their exposure increases week after week as the rest of the market abandons Bitcoin (BTC). Since January, therefore, whale exposure has increased, with more than 140,000 BTC purchased in June. Now, it remains to be seen whether July will confirm the trend while price falls are again envisaged for the digital asset.
Record Shrimps Now Hold Bitcoin
As for a completely different investor profile, we observe a similar strategy on the shrimp side. As a reminder, shrimp are the holders that hold between 0 and 1 BTC. The latter have intensified their strategy and amplified their exposure to Bitcoin with record purchases in June. According to data reported by Glassnode, a total of 60,400 bitcoins have been added to their wallets.
This is the most intense purchase made by this type of holder, who support Bitcoin with the whales in this bear market. Even if this month of June is the worst month in the history of BTC, shrimp and whales have sought to support the asset at all costs.