Part 5/12:
Whale and shark cohorts (large holders) have been stacking Bitcoin during bear markets, thus reinforcing their positions. The data suggests whales are actively buying the dip, a classic sign of long-term confidence.
Smaller cohorts like Krills tend to diminish their holdings in bear periods, indicating a preference to hold during favorable conditions or perhaps to reduce risk.
These trends emphasize the strategic behavior of large holders, potentially influencing market trajectories.
Distribution of Bitcoin Among Cohorts
The presentation includes a detailed pie chart illustrating the share of Bitcoin owned by each cohort:
Krill owns about 1.6%
Shrimp holds roughly 5.5%
Crabs command around 10.7%