Cryptoverse: Shrimps and whales keep bitcoin afloat

Shrimps, investors that hold less than 1 bitcoin, are collectively adding to their balance at a rate of 60,460 bitcoin per month. Whales, those with more than 1,000 bitcoin, were adding 140,000 coins per month, the highest rate since January 2021. Bitcoin has been hovering around $19,000 to $21,000 over the past four weeks, less than a third of its $69,000 peak in 2021. HODLers - investors in bitcoin as a long-term proposition who refuse to sell their holdings - are determined to drive back the bears, despite their portfolios being deep in the red. Bitcoin miners are increasingly under pressure as they face the double whammy of cratering prices and high electricity costs. Source