Whales & Shrimp Fishing Lots of BTC, Bullish Sign For Crypto?

<p>&nbsp;"Wow, does that mean the price of BTC is going to go up again?"</p><p><br /></p><p>The price of cryptocurrency king Bitcoin (BTC) reportedly managed to regain the important level of $30,000 in July as whales including shrimp flocked to collect large amounts of the digital asset.</p><p><br /></p><p>In context, shrimp investors are defined as those who hold less than one BTC while whales hold more than 1,000 of the digital asset.</p><p><br /></p><p>Through observation, the BTC Shrimp Cohort, which is the address that holds less than 1 such digital asset, has moved forward aggressively by collecting more than 33,400 BTC every month.</p><p><br /></p><p><br /></p><p>Please note that the accumulation is one of the largest movements ever made by shrimp, where the total amount held by the shrimp so far is around 1 million BTC.</p><p><br /></p><p>In addition to helping many long-term holders make profits after the price of BTC crosses $30,000, the current profit rate for the circulating supply of BTC which is over 79% is capable of driving the future growth of crypto markets including BTC.</p><p><br /></p><p>As of this writing, BTC price has surged by 1.68% to $31,211 in the last 24 hours with a market cap of $606 billion and a further 2.89% gain over the past week.</p><p><br /></p><p>While Ethereum (ETH) gained around 0.67% at $1,956 in the last 24 hours with a market capital of $606 billion and Ripple (XRP) gained 1.19% at $0.48 and rose around 2.14% in the last seven days.</p>