- In the past, the number of large BTC holders was falling
- This is how investors diversified their risk in a volatile market
- Now the number has stabilized
Fresh LookIntoBitcoin data shows that there are 2029 addresses with over 1000 BTC in their Bitcoin accounts. Such owners are called whales.
The maximum number of whales was recorded in February 2021, just before the BTC hit a local peak in April. After that, the metric began to fall.
Where did the whales go? Many spread their investments across multiple cryptocurrencies and other asset classes.
This allowed them to reduce the risk of bitcoin price fluctuations. The decline has now stopped.
Experts believe that the stabilization of the number of whales signals the imminent return of the bull market.
After all, big investors usually have good instincts and successfully predict the bottom. When the price gets low, they more actively buy the asset.
And after that, they don’t make any moves, waiting for the charts to change. Bitcoin recorded a record. More than a million addresses have appeared here that own at least 1 BTC.
Who has the most bitcoins
One of the biggest bitcoin holders is Satoshi Nakamoto, the enigmatic creator of the main cryptocurrency.
It is believed that he owns about 1.1 million BTC. This makes it the largest holder of cryptocurrency in the world.
These coins were mined at the dawn of Bitcoin’s existence and have never been moved.