Bitcoin Whales Accumulate 218,570 BTC Since March, Now Holding 68.44% of Total Supply
Main Idea
Bitcoin whales, defined as wallets holding between 10 and 10,000 BTC, have accumulated 218,570 BTC since March 2024, now controlling 68.44% of the total supply, signaling strong long-term confidence in Bitcoin.
Key Points
1. Bitcoin whales increased their holdings by 218,570 BTC since March 2024, a 0.9% rise in their share of the total supply.
2. Wallets holding 10 to 10,000 BTC now control 68.44% of Bitcoin's total supply.
3. Whale accumulation often signals long-term confidence in Bitcoin's value and may influence future market cycles.
4. Large holders tend to stabilize the market by holding through dips, but sudden sell-offs can trigger sharp price movements.
5. The concentration of supply among whales may impact Bitcoin's price stability and future market trends.
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