Non-whale Bitcoin investors break new BTC accumulation record

Cointelegraph

Published Nov 29, 2022 06:31AM ET

Updated Nov 29, 2022 08:20AM ET

Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests.

Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence platform Glassnode on Nov. 27.

Bitcoin net position change for addresses holding up to 10 BTC. Source: Glassnode

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