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Krill addresses increased from approximately 194,000 to 311,000 individuals, reflecting growing small-scale participation.
Shrimp holdings surged from about 652,000 to over 1.08 million Bitcoin, signifying an expanding base of semi-active holders.
Crabs and Octopus cohorts have also grown, with the octopus group maintaining stability over time despite market fluctuations.
An essential observation is that while these groups possess increasing amounts of Bitcoin, the distribution among them remains relatively stable in terms of percentage share, although overall wealth has grown due to Bitcoin's price appreciation.
Behavior During Market Cycles
A crucial aspect of the analysis notes different investor behaviors during bear and bull markets: