Top 10 Bitcoin holders control nearly 15% of circulating supply

Bitcoin’s price marks significant milestones: On December 7, 2024, Bitcoin’s price hits 100,297 USD, solidifying its status as the seventh-largest asset globally. The significant price increase can also be attributed to the introduction of spot Bitcoin exchange-traded funds, enhancing its market presence.

KEY holders shape Bitcoin market dynamics: The top holders, including Coinbase and Binance, hold considerable amounts of BTC. This concentrated ownership, amounting to 1,960,220.44 BTC, raises concerns about Bitcoin’s decentralization. As institutional investments rise, observing these trends is essential for understanding future market landscape.