The crypto market continues to show volatility, with BTC taking center stage. Recent data shows that retail participation in Bitcoin is still present, although growth is weaker and more uneven than in previous cycles.
- Plankton addresses (>0 & <span BTC) have shown very little growth since the beginning of 2023, in contrast to the huge spikes in the previous two cycles.
- Shrimp addresses (>0.1 & <span BTC) and Crab addresses (>1 & <span BTC) also show a similar pattern, with slow growth.
However, despite the global market downturn, the potential for the next wave of FOMO remains. Optimism towards BTC is still strong, giving hope to investors.