Crab strategy: small investors are also buying Bitcoin despite of crypto winter

Even though the cryptocurrency market continues to be in bad shape, companies continue to buy the coins. Previously, we reported how big market players are doing it, but it became known that small investors also do not mind buying Bitcoin at the current price.

The latest data says the number of addresses on the cryptocurrency market that now have 1+ BTC is increasing exponentially as Bitcoin’s consolidation is still taking place. In total, the number of addresses reaches 880,000. 

According to Glassnode, the rapid growth of Bitcoin wallets began in May 2021. Despite the massive reversal in the cryptocurrency market, retail traders and investors did not stop accumulating the asset for a second.

Experts say the main reason for such dynamics is that there are many HODLers among small investors rather than those actively trading gold and periodically risk losing money. 

Also, the growth of wallets with one or more Bitcoins may be affected by the growing popularity of the coin because BTC is still one of the main ways to “enter” the cryptocurrency market. 

However, those with a lot of money — significant funds and investors — prefer to redistribute their holdings among several wallets. This keeps the funds safer and makes it easier to manage them. 

We reported here about companies that prefer to buy digital currency despite the crypto crash.