Since May, Bitcoin retail investors have been continuously accumulating, increasing their holdings by 35,000 BTC in the past 30 days

ChainCatcher news, according to Coindesk, the amount of Bitcoin holdings in the ecosystem has significantly increased over the past 30 days, with a net increase of about 88,000 BTC. This strong accumulation period lasted throughout September, and its scale is approximately seven times the monthly issuance of Bitcoin at 13.5 thousand BTC.

Retail investors, especially small holders, played an important role. Investors holding less than 10 BTCs are usually referred to as "crabs" (holding between 1 and 10 BTC) and "shrimps" (holding less than one BTC). In the past thirty days they have collectively accumulated around 35 thousand Bitcoins. This trend of retail accumulation has been ongoing since May.

Another factor driving up Bitcoin prices is the large outflow from exchanges. Over the past thirty days about forty thousand Bitcoins left exchanges indicating reduced liquidity. When bitcoins are withdrawn from exchanges it typically means that holders intend to keep them off-market reducing selling pressure and creating a favorable environment for future price increases because seventy-four percent of circulating supply is considered illiquid assets.