Shrimp and whales continued to buy bitcoin as it fell.

The investment strategies now being implemented by shrimp and whales show some unity between their behavior in the bear market. In total, the two groups of holders purchased more than 200,000 BTC in June this year. Even though bitcoin hit below $19,000 in June, shrimp and whales continued to aggressively accumulate assets.

Whales do not miss the opportunity to buy BTC

The editors of BeInCrypto studied the strategy of whales that own at least 1000 BTC. As it turned out, whales strengthen the investment strategy to accumulate bitcoins, and not sell cryptocurrency.

Whales competently take advantage of the situation in the crypto market. While many panic investors are abandoning BTC, whales are gaining even more. This trend has been observed since January of this year. In June, this group of investors bought 140,000 BTC. It is not known how they will behave in July and whether they will continue to accumulate assets – after all, BTC is expected to fall even more.

Shrimp do not lag behind the whales and aggressively buy up the asset

As for a completely different profile of investors – shrimp – here we observe a similar strategy. Recall that shrimp are holders who own from 0 to 1 BTC.

In June, they increased their influence on bitcoin and acquired the cryptocurrency in record quantities. According to Glassnode, over the past month, they have added 60,400 bitcoins to their wallets. This is the most intensive purchase made by investors of this type. Shrimp and whales were the most eager to support the asset in June. Even if this month is the worst in the history of BTC.

Source: Twitter

Oddly enough, but holders with a small number of coins and holders with incredible reserves now have identical investment strategies.

Shrimp is getting bigger

As a rule, small BTC holders are characterized in the market as “weak hands”. Meanwhile, whales are portrayed as manipulators who seek to force smallholders to abandon their position. However, in this bear market, it may seem that the “weak hands” resist and uncompromisingly do not release their tokens, despite the risk of losing funds.

Thus, shrimp can have an impact on bitcoin, even if in aggregate they own “only” a little more than 42% of the purchases of whales in June.

According to Two Glassnode charts, the number of BTC token holders is constantly growing. Now there are more addresses owning 0.1BTC or 0.01BTC (which are most likely shrimp).

Source: Twitter

Source: Twitter

These statistics indicate that during the current bear market, an increasing number of retail investors are beginning to take an interest in cryptocurrencies.

Young investors don’t sell BTC

According to a recent Survey by eToro, young investors have maintained their positions by restricting sales. While 16% of them, on the contrary, wanted to increase their influence on bitcoin by adding a couple of coins to the wallet.

According to the global market strategist of the trading platform Etoro Ben Leidler, the shrimp strategy is largely due to the age of investors.

“Cryptocurrencies are assets that are disproportionately owned by young investors. They are more risk tolerant given that they still have more than 30 years ahead of them to recover lost money.”

Thus, according to Ben Leidler, young investors are more risk-averse because they have more time to recoup lost funds, unlike older investors. Older investors cannot afford possible losses and prefer to reduce their positions rather than be at risk.

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