Over 80% of Bitcoin retains wallets with 10 BTC or more, data is displayed

Data suggest that significant part of Bitcoin could be in the hands of a limited number of larger wallets, potentially indicating the concentration on the rise.

As Bitcoin (Btc) Adoption grows, ownership continues to concentrate among larger wallets, leaving retail investors with reducing share, by new data from santiment.

From 13. May, the wallets holding at least 10 BTC – worth about a million dollars or more – controlled over 82% of the total mini batcoin. As Santment analysts suggested, only about 17.5% Bitcoin holds the wallets “holding less than a million dollars in BTC”.

Wallets with 100 BTC or more – currently valued to over $ 10 million – now keep more than 60% of the total offer. Sounder He noted that the 10-100 BTC group can be broadly classified as “mainly consisted of small institutional investors”, while banknotes over 100 BTC generally hold “institutions and liquidity providers (with occasional exemptions of very large retail wallets, of course).”

About 3.47 million BTC remains in wallets holding less than 10 BTCs, worth about 358 billion dollars. Whether this smaller group will continue to hold or sales can depend on future market feel, claims analysts.

“Historical, the main price of the price has inciting retail panic sales, followed by larger wallets that absorb multiple loose coins that retail no longer comfortably kept comfortably.”

Sounder

Crypto mining It also became less available for individuals due to high costs and lower prizes. In addition, many crypto miners have completely “accepted impatient institutional investors and often earn soon after their successful mining sessions are completed” Advanced analysts.

Santiment estimates that between 3 million and 4 million bitcoin “could be good” due to lost private keys or inaccessible wallets, while about 1.14 million coins remain mined until 2140. Years.