On-chain data confirms this growing trend of retail accumulation.
They slightly upload “bitcoin” searches on Google, although far from its historical maximums.
Retail investors, known in the Bitcoin ecosystem as “shrimp” (holders of less than 1 BTC), “crabs” (between 1 and 10 BTC) and “fish” (between 10 and 50 BTC), are accumulating the digital currency at an accelerated pace.
According to data ON-CHAIN provided by Glassnode, These groups acquire 19,300 BTC per month, far exceeding 13,400 BTC that miners generate in the same period.
This difference reveals a demand that not only absorbs the new broadcast, but also withdraws bitcoin from other sources, such as large holders or circulating offer.
This dynamic is generating a purchase pressure that reduces the availability of bitcoin in the market. Such fact happens just when the price of digital currency reached a new historical maximum of $ 123,000 last Monday.
The disparity between retail accumulation and the production of miners creates a supply crisis that acts as a key catalyst for the bunder impulse of the price.
Investor Andrés Meneses stands out The stealthy nature of this movement. “Retailers accumulate while the market is distracted. For when the holders reflect it, the supply shock is already irreversible and Bitcoin reaches new maximums,” he said.
This pattern suggests that The current accumulation could be laying the bases for even more pronounced increases.
Meanwhile, the public interest in Bitcoin also grows. Searches for the term “bitcoin” in Google They had a slight climb and mark a score of 23 at the time of this writing.
The data show a strong correlation between these searches and the price of the currency. Interestingly, searches increases usually anticipate price increases, indicating that renewed interest could precede a new rebound in the Bitcoin value as the upward trend is consolidated.
