Small Investors Own an Impressive 8.4% of Bitcoin Supply, According to Bitcoin Holders
Small Investors' Influence: Small-scale Bitcoin holders, referred to as 'shrimps' or 'crabs', now control approximately 1.6 million BTC, which is about 8.4% of the total Bitcoin supply, indicating a significant shift towards decentralized ownership.
Motivations for Accumulation: These small investors are driven by beliefs in Bitcoin's long-term value, its role as an inflation hedge, accessibility through exchanges, and the pursuit of financial empowerment, often employing strategies like dollar-cost averaging.
Market Stability Impact: The collective actions of small Bitcoin holders contribute to market stability, as they are less likely to panic sell during downturns, thereby reducing volatility and aligning with Bitcoin's core philosophy of decentralization.
Challenges for Small Holders: Despite their growing influence, small Bitcoin holders face challenges such as ensuring the security of their digital assets, understanding self-custody practices, and navigating potential scams in the cryptocurrency space.
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Technical Analysis for IMX
Technical Sentiment Analysis for Immutable (IMX) As of , Immutable (IMX) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IMX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IMX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Immutable (IMX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0735 | 0.101 | 0.134 | 0.162 | 0.195 | 0.223 | 0.256 |
| Fibonacci | 0.101 | 0.124 | 0.139 | 0.162 | 0.185 | 0.199 | 0.223 |
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