Weekly Sanbase Pro market report: On Bitcoin Whales & HODLers

Crypto is still a whale’s playground

Out of 855 assets that we track on-chain data for, 727 have >50% of their total supply located in the top 100 addresses.

For the time being, cryptocurrencies can only promise the decentralization of their network - not of their supply.

Pictured: combined balance of large MANA and SNT holders (in yellow), respectively, falling off a cliff before an imminent price correction (in green). The market performance of cryptoassets with a majority of their circulating supply located in ‘whale wallets’ is often extra sensitive to the behavior of their largest holders.

Bitcoin supply is dominated by whales

85.3% of the total supply of BTC is found in addresses owning more than 10 BTC (~$113,500 at current prices).

61% of Bitcoin’s total supply is currently in the hand of BTC ‘millionaires’ (addresses owning 100+ BTC).

There’s more of this Insight

Choose your subscription plan

Sanbase PRO
Unlock all PRO insights

Years of market experience, compressed in each report

Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.

Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.

Our previous TOP calls:
insight card
signal form

What you get with Sanbase Pro:

  • Members-only daily market insights and analysis
  • 30+ on-chain, social & project indicators for 900 cryptocurrencies
  • Custom alerts for the coins' price, on-chain & social trends
  • Santiment Spreadsheet plugin with 10+ pre-made market templates
  • Personalized asset watchlists and weekly performance reports

Gain unfair advantage with Sanbase Pro

Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!