Briefly the decline of Bitcoin whale wallets enhances decentralization and reduces the risk of market manipulation. The current number of whales is 1,672, a decrease of 497 whales, or 23%, from the peak in 2021. BTC is still primarily concentrated in a small number of accounts; 745 percent of the available supply being “hodled.” The…
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According to Santiment, a blockchain analytics company, Bitcoin price volatility is at its lowest level since the second week of January. According to Santiment data, Bitcoin (BTC) whales—addresses holding between 100 and 1,000 BTC—accumulated 20,007 BTC. As per the blockchain examination firm, the amassing over this period returned the companion’s holding to more than 20%…
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