Summary
- Bitcoin (BTC) whales (holding 100~10,000 BTC) have seen a sharp decrease in their average holdings.
- Glassnode said the average holdings of whale addresses are 488BTC, the lowest level since December 2018.
- Analyst Ali Martinez analyzed that whales' Bitcoin holdings decreased by 10,000 last week.
Bitcoin (BTC) whales (holding 100~10,000 BTC) have seen a sharp decrease in their average holdings. This refers to wallets holding 100~10,000 BTC.
On the 3rd (local time), Glassnode said on X (formerly Twitter) that "the average holdings of Bitcoin whale addresses have been steadily declining since last November," adding "they currently hold an average of 488BTC." It added, "this is the lowest level since December 2018."
Meanwhile, crypto asset analyst Ali Martinez analyzed that "whales' Bitcoin holdings decreased by 10,000 last week."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] “Bitcoin at risk of a fifth straight monthly decline…worst bear market since 2018”](https://media.bloomingbit.io/PROD/news/4842663d-6c96-44c4-a3d3-63aa6686644a.webp?w=250)
