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Bitcoin balances of holders hit record highs in November

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29.11.2022

Bitcoin holders have been aggressively accumulating the leading cryptocurrency in November.

So-called Bitcoin (BTC) shrimps, a category of addresses holding less than 1 BTC, have added 96,200 BTC to their collective stashes earlier this month. According to the analysts at Glassnode, this cohort now holds over 1.21 million BTC, which is an all-time high balance increase.

Another category of Bitcoin holders that took an opportunity to buy this month’s dip is “crabs,” a demographic holding between 1 BTC and 10 BTC. This category of investor added a total of 191,600 BTC over the past 30 days. This is a convincing all-time-high, eclipsing the July 2022 peak of 126000 $BTC/month.

For both shrimps and crabs, November purchases marked all-time-high increases in balances. So, a lot of investors don’t panic and continue to buy coins.