Smaller Bitcoin entities are rapidly adding to their BTC stash, but this has preceded price tops in times gone by.
Bitcoin (BTC) is seeing what looks like panic buying by retail investors, fresh data shows — but all might not be as it seems.In a tweet on April 4, William Clemente, lead insights analyst at Blockware, revealed a large spike in the BTC supply owned by smaller hodlers.2022 retail FOMO spike "an outlier"Typically referred to as “retail,” entities with 1 BTC or less are considered to be mainstream consumers rather than corporate or institutional investors.According to figures from on-chain analytics firm Glassnode, these smaller players have dramatically increased their share of the overall BTC supply in 2022.Traditionally, Clemente cautioned, such events have coincided with macro price tops, but given recent BTC/USD behavior, this time appears unlike the others.“This is a really interesting chart.