Whales and Sharks Display Differing #bitcoin Accumulation

Data from Glassnode provided insight into the varied behaviours of different Bitcoin holders over the last few weeks. The data showed a contrasted world where various actors are taking different actions.

Due to a drop in earnings, #miners have been surrendering more of their Bitcoin holdings. Those with a balance of under 100 BTC, however, actively raised their #holdings, displaying a clear rising trend. These organisations recently swallowed an astounding 254% of the mined supply.

Positive balance changes were also observed for shark #entities, identified by wallets holding 100 to 1,000 BTC. 36% of the mined supply has been absorbed, which is a sizeable amount.