Retail Bitcoin holdings drop to 17% as wealthier entities dominate - adtechsolutions

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Retail Bitcoin holdings drop to 17% as wealthier entities dominate


Every day minnow Bitcoin The holders only control the fraction of the total range of the highest digital asset, despite their vision of financial decentralization and autonomy.

According to May 14 message From Blockchain Analytics Company Santiment, retail wallets hold less than 10 BTC together only 3.47 million coins, which corresponds to 17.5% circulating Bitcoin offers. This group has BTC in dollars worth approximately $ 358 billion.

A closer look at the distribution shows an even greater imbalance.

According to a company, wallets with less than 1 BTC, usually representing smaller retail participants, they represent less than 7% of the total offer.

Classification of Bitcoins holders
Classification of Bitcoins holders (Source: Santiment)

Dominated by large bitcoin holders

Meanwhile, the Santiment analysis shows a strong concentration of bitcoins between wallets between 10 and 10,000 BTC.

According to the company, this group manages more than 68% of the total offer, which corresponds to more than 13.5 million BTC. The dollar is their shares worth $ 1.39 trillion.

The group includes early adoption, institutional players, a high value and centralized individual.

As part of this cohort, 100 to 1,000 BTC owns around 23.5% of the offer, while those with 1,000 to 10,000 BTC are another 22.8%.

Meanwhile Binance and Coinbase Also holds a significant BTC. These exchanges have more than 7.4 million BTC, which make them key liquidity drivers and price action.



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