Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively Accumulate - Aliens: AI Crypto News & Markets Updates
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Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively Accumulate

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U.Today

Fri, Jul 01, 2022

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Such dynamics led to a concentration of 45.6% of the total Bitcoin supply in whales' wallets, which equals 8.69 million BTC.

Whales (>1k — glassnode (@glassnode) $BTC ) typically go through accumulation / distribution cycles, often aligned with #Bitcoin market structure.

These entities are also adding to their balance aggressively, acquiring 140k $BTC /month directly from exchanges Whales now own 8.69M $BTC (45.6% Supply) 3/4 pic.twitter.com/zPaehTYqgO June 29, 2022 Bitcoin accumulation by whales began in April and increased until late June, when the price per BTC reached the $20,000 range.

It is unclear if at least 50% of the BTC supply will be accumulated before the capitulation is completed and the new momentum begins, but one can say that Bitcoin whales now have more influence on the process, and this can hardly be considered a good signal.

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