Bitcoin whales now control 45.6% of BTC supply & continue to aggressively accumulate
According to data from crypto analytics agency Glassnode, Bitcoin whales—those who hold more than 1,000 BTC—are not changing their ways at the time of the current crypto market capitulation and traditionally accumulate large amounts in their wallets.
These subjects act aggressively and buy 140,000 BTC on average every month directly from exchanges. Such dynamics led to a concentration of 45.6% of the total Bitcoin supply in whales’ wallets, which equals 8.69 million BTC.