Bitcoin whale addresses reach highest share of supply since March 14

Santiment said roughly 2,044 wallets holding at least 1,000 BTC now control about 7.17 million BTC, or 35.82% of circulating supply, pointing to renewed accumulation by large holders.

BTC

Summary

Bitcoin wallets holding at least 1,000 BTC have increased their share of the asset’s circulating supply to the highest level since March 14, according to Santiment. The analytics firm said about 2,044 addresses in that cohort collectively hold roughly 7.17 million BTC, equal to around 35.82% of circulating supply. The rise suggests large holders, often called whales (large crypto holders), have recently added to positions, leaving Bitcoin ownership more concentrated among a smaller group of large wallets.

Terms & Concepts
  • whales: Large holders of a cryptocurrency.
  • circulating supply: Coins currently available in the market.