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Bitcoin Mid-Sized Wallets Reach Record Highs as Whale Addresses Decline

Bitcoin Mid-Sized Wallets Reach Record Highs as Whale Addresses Decline

Bitcoin wallets holding between 100 and 1,000 BTC have surged to a record 3.65 million BTC, while larger whale addresses are shrinking, according to Glassnode data.

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Summary

Entities holding between 100 and 1,000 Bitcoins have increased their holdings by about 65,000 BTC over the past week, bringing their total to a record 3.65 million BTC. This shift highlights the growing influence of mid-sized wallets as larger whale addresses holding between 1,000 and 10,000 BTC decline, according to Glassnode data.

Terms & Concepts
  • Whale Addresses: Large cryptocurrency wallets, typically holding 1,000 BTC or more, often associated with significant market influence.
  • BTC Wallets: Digital wallets used to store Bitcoin holdings, ranging from small retail amounts to large institutional or whale-level balances.
  • On-Chain Data: Blockchain-based metrics that track cryptocurrency activity, such as wallet balances, transaction flows, and address growth.