Yes whale-addresses are increasing but BTC crab-addresses(1-10BTC) are are at a new ATH and increasing in record speed!

Over the past few days and weeks we have often speculated on how quickly the amount of whale addresses of Bitcoin is very quickly increasing which many would say is unusual as we are still in a bear market and with no sight of light at the end of the tunnel. But the more baffling thing is how the amount crab-addresses, meaning addresses that hols 1-10BTC has hit a new ATH and is increasing at high-speed.

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Chart from OnchainCollege on Twitter

As we can see from this visualization, not only have the crab-addresses hit a new ATH but its also increasing at speed never seen in the past four years or ever (we do not have the complete data but it is likely). We are at over 800k crabs and will surely be soon at a whole 1M crabs.

This is exceptional as many would have though that especially the smaller buyers have left the markets but that is apparently not true. Especially the regular use of DCA as “the“ bear market strategy likely changed that.