According to the experts of analytical firm Santiment, the fall of Bitcoin in mid-2022 and the subsequent stagnation of the rate has provoked a surge in activity of small and medium addresses, that is to say, those holding from 0.1 to 100 BTC.
They have found that unlike whales, which did not do much, the rest of the investors were aggressively buying coins.
Their BTC holdings have grown by another 9% in the last six months. As a result, the number of wallets controlling from 0.1 to 100 Bitcoins has reached 7.38 million.
Most of the small and medium-sized addresses have a long-term accumulation strategy, the company analysts have noted.