Bitcoin’s Biggest Whales Are in Decline

[Jaya60]

But smaller whales are multiplying rapidly. Some of crypto’s rarest and largest ocean dwellers are quickly becoming endangered this year—in fact, the number of Bitcoin’s biggest whales has dropped to its lowest point in history.

Blockchain journalist Colin Wu tweeted the data from blockchain metrics site Glassnode earlier this afternoon. As of today, the number of Bitcoin addresses holding 1,000 Bitcoins or more is at a record low of 82.
The last time this number was so low was on December 15, 2012, about four years after Bitcoin launched. Then, just 81 wallets held 1,000 Bitcoins or more, and each Bitcoin was worth $13.51. Today, the number one cryptocurrency by market capitalization is worth $60,757—roughly 450,000% higher than it was back in December 2012.more information