As of June 17, 2025, over 20,000 Bitcoin wallets contain 10 million USD or more, holding approximately 9.43% of the total BTC supply. This indicates that a significant amount of Bitcoin is consolidating in a few hands, suggesting possible influences on market dynamics.
The ongoing increase in whale accumulation raises concerns about Bitcoin’s intended decentralization. With retail investors holding substantially less market power, the dynamics are shifting, leading to questions about the fairness and accessibility of Bitcoin as a currency.
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