A recent analysis shows that a small number of Bitcoin addresses are accumulating a significant amount of the cryptocurrency’s circulating supply. These addresses, known as “whales,” hold over 100 BTC each, totaling 11.5 million coins or 59.2% of Bitcoin’s circulating supply. This accumulation by larger cryptocurrency investors could indicate potential market trends and fluctuations in Bitcoin’s price. It is important to note that the total number of addresses on the Bitcoin blockchain has surpassed one billion, but only a fraction of them have a balance. The article emphasizes that the views expressed are for informational purposes only and do not constitute financial advice.
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