Recent metrics from a variety of analytical web portals show that the quantity of bitcoin whales has been shrinking in recent times. The data indicates that the leading crypto asset has been distributed quite a bit since the price run-up started.

Pods of Bitcoin Whales Shrink — Addresses With Small Quantities of Bitcoin Catch the Downward Distribution Cycle

Today, data shows that bitcoin whales are shrinking and metrics from’s top 100 richest bitcoin addresses list compared to a whale count article News published on May 14, show things have changed. Statistics from Glassnode show that whale-sized addresses with 1,000 BTC+ have dipped to the smallest amount in eight years and ten months ago.

In addition to those two sites that offer onchain whale analytics, also implies a decline in whales (balance ≥ 1k) and a downward distribution cycle. Also, the top 100 richest bitcoin addresses from indicate that on May 13, 2021, there were three whales with 100,000 to 1 million BTC.

There are still just three today, and that number hasn’t changed in quite some time. In terms of addresses holding 10,000 to 100,000 bitcoin, that has reduced since May 13, from 85 to 77 addresses. As far as holders with 1,000 to 10,000 bitcoin, there were approximately 2,078 addresses five months ago and today the count is 2,069.

Trickle-Down Distribution — Bitcoin Whales Offloaded Coins During the 2012 Bull Run

Additionally, addresses with 100 to 1,000 BTC were around 13,989 five months ago and today are 13,987. The bottom threshold of addresses holding 10 to 100 BTC or less has increased a great deal during the last five months.

In recent weeks, all the BTC addresses with less than 1,000 held have swelled. 51.24% of addresses recorded own between 0 to 0.001 BTC, which is 19,716,447 bitcoin addresses. Addresses that hold 0.1 to 1 BTC today equal around 2,437,951 bitcoin addresses and there are 665,893 holders with at least 1 to 10 BTC.

February – May $BTC whales (>1k BTC) were gradually selling to retail investors (>.1 BTC). This is why the distribution phase displayed on the HT chart. They kept the price stable via manipulation until they were finished selling – then collapse. The whales won, again. #Bitcoin

— Illusive ⛓ (@IllusiveTrades) October 10, 2021

It’s quite possible that while bitcoin (BTC) rose over 25% during the last 30 days, a number of bitcoin whales took some cream off the top by selling. It’s also probable that whales have simply dispersed their bitcoin wealth into more addresses.

The last time BTC whale addresses were this low was the holiday season in 2012 and that followed bitcoin’s first bull run. In the summer of 2012 and into the fall months, BTC tapped a high of $30 per unit, but in December 2012, it was just over $2 per coin. Whale count saw a major downward distribution cycle at that time as well. A whale with 1,000 bitcoin on Sunday evening is worth roughly $62 million.

What do you think about the whale count shrinking? Let us know what you think about this subject in the comments section below.

Bitcoin News
Markets and Prices, addresses, Bitcoin Rich List, Bitcoin Whales,, BTC, BTC Whales, Bull Run 2012, downward distribution cycle, five months ago, Funds, glassnode, individuals, May 13 2021, Traders, whale entities,, Whales

shutterstock 1930096286 E70I5D

Nigerian Central Bank Wants Financial Institutions to Develop Products Based on Its CBDC

The Central Bank of Nigeria has said it wants players in the country’s payment industry to develop and help introduce products based on its central bank digital currency, the e-naira ...
Read More
shutterstock 1254046900 AvhSW0

Study Finds Most Popular Cryptocurrencies With Russian Social Media Users

In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantly. Research carried out on Russian social media has identified the most talked about coins and ...
Read More
shutterstock 1018406887 ENtmd6

Immersion Cooling Gets Attention From Miners Wanting to Squeeze More Power Out of Equipment

Bitcoin mining companies are now increasingly experimenting with immersion cooling, a form of cooling that allows them to get more hashpower out of existing miners. According to industry insiders, this ...
Read More
zztoppp777890 lNjZXt

Political Cartoonist Accuses NFT Platforms Opensea, Rarible of Being ‘Tools for Political Censorship’

While non-fungibe token (NFT) collectibles have been very popular, NFTs have brought a slew of unique debates to the table and one of them has been censorship. The artist behind ...
Read More
photo 2021 11 28 22 30 35 nPUrIs

Study: 8.3% of Polled South Africans Own NFTs, a Further 9.4% Plan to Buy

About 8.3% of polled South African internet users own NFTs while a further 9.4% said they plan to acquire such tokens in the future, a study has found. Twelfth-Highest NFT ...
Read More
Share with Others