According to data gathered by Diar. Less than 1 percent of all wallet addresses are in possession of around $100 billion worth of BTC. Notably, wallets holding balances in excess of 200 BTC ($1.25 Million) control more than half the Bitcoin’s total circulating supply. One third of all Bitcoin owned by whales has never been removed from their wallets since purchase. However, some of these Bitcoin reserves are also owned by cryptocurrency exchanges.
In January, the BTC bull raked in a price of more than $20,000 and many blamed market manipulationators for the panic that ensued. These figures are quite remarkable considering the volatility of the token.
The reason for the low number of bitcoin owners sleeping could be because they have lost their keys and are locked out of their wallets. Or it could be due the many patient, wealthy cryptocurrency owners who are looking to a better future.
