Quick Take
- A lot of analysis has been around whales accumulating Bitcoin (BTC) while other cohorts sell.
- But it is important to understand different entity balances to see where the potential sell pressure could come from and how the trend is changing.
- Looking at the past five years, some notable changes in cohort accumulation and distribution
- The only two cohorts to have added to their balance dominance are shrimps and cohorts, while all other cohorts have seen distribution — with whales dropping the most by 4%.
2018
- Shrimps: 2.889%
- Crabs: 7.242%
- Fish: 17.743%
- Shark: 19.805%
- Whales: 38.495%
- Miner: 10.666%
- Exchanges: 13.826%
2023
- Shrimps: 6.71%
- Crabs: 10.651%
- Fish: 16.887%
- Shark: 19.754%
- Whales: 34.024%
- Miner: 9.428%
- Exchanges: 11.998%
The post The surprising shift in Bitcoin ownership: whales drop 4% as Shrimps, Crabs thrive appeared first on CryptoSlate.
