Bitcoin Ownership Steadily Shifts From Whales to Small Investors, Data Shows | Aug 7, 2020 at 12:55 PM
  • The amount of bitcoin held by small investors has more than doubled in the past five years as so-called whale holdings declined by an almost similar margin during the same period.
  • The percentage of supply owned by entities holding 10 BTC or less has grown from 5.1% to 13.8% since June 2015.
  • The wealthy individuals or entities known as whales – which can be defined as the BTC community’s own version of the ‘deep state’ – have often been accused of market manipulation, using their large asset holdings to swing prices up or down.