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‘Millionaire’ whales gobble up 90,000 Bitcoin over past 25 days

June 17, 2021. Summarized by summa-bot.

Compression ratio: 42.7%. 1 min read.

Santiment estimates that addresses holding between 100 BTC and 10,000 BTC now account for 48.7% of circulating Bitcoin.

The accumulation was identified by crypto market data aggregator Santiment, which identified that wallets holding between 100 and 10,000 BTC — described by Santiment as “millionaire tier” addresses — are now the largest segment of Bitcoin hodlers and currently account for 48. 7% of Bitcoin's supply.

#Bitcoin addresses holding between 100 to 10,000 $BTC have accumulated 90,000 more $BTC in the last 25 days.

Miners also appear to be accumulating BTC, with on-chain analytics provider, Glassnode, identifying that weekly Bitcoin outflows from miner addresses have slumped to a five-month low of roughly $1. 7 million on June 16.

The response of 'the little guy' to the evolution of #Bitcoin as an asset can be seen in the supply distribution. Entities with < 1BTC (sat stackers) almost own 5% of the supply and have accumulated in four accelerating phases. Live Chart: https://t. co/IujxVGegF9 pic. twitter. com/GU5a6emJBU— glassnode (@glassnode) June 16, 2021

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by summa-bot

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