Still no retail investors in sight — even with Bitcoin hitting new all-time highs. 📈

➟ Wallets holding less than 1 BTC (so-called “shrimps”) are at their lowest level since 2021:

• 2021 ATH: ~590,000

• April 2024 ATH: ~490,000

• Today: only ~260,000

We’re currently seeing very little retail FOMO, and network activity remains weak.

➟ Possible reasons could be that small investors prefer to buy ETFs or are avoiding self-custody. 🤔