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