Over the previous few days and weeks we’ve usually speculated on how rapidly the quantity of whale addresses of Bitcoin may be very rapidly growing which many would say is uncommon as we’re nonetheless in a bear market and with no sight of sunshine on the finish of the tunnel. However the extra baffling factor is how the quantity crab-addresses, that means addresses that hols 1-10BTC has hit a brand new ATH and is growing at high-speed.
[Chart from OnchainCollege on Twitter](https://preview.redd.it/nec3k3t8844a1.jpg?width=900&format=pjpg&auto=webp&s=6406823752aefc1a1be580476d8848de71d19a1a)
As we are able to see from this visualization, not solely have the crab-addresses hit a brand new ATH however its additionally growing at velocity by no means seen up to now 4 years or ever (we don’t have the entire knowledge however it’s seemingly). We’re at over 800k crabs and can certainly be quickly at a complete 1M crabs.
That is distinctive as many would have although that particularly the smaller consumers have left the markets however that’s apparently not true. Particularly the common use of DCA as “the“ bear market technique seemingly modified that.