Glassnode: Large entities currently hold about 4.9 million Bitcoins, accounting for 25% of the circulating supply
According to a report by Glassnode in its weekly on-chain report, marked large entities currently hold about 4.9 million bitcoins, equivalent to 25% of the circulating supply. Among these entities, CEX and ETF custodians make up the largest proportion. After the German government sold all of its bitcoin holdings, there seems to have been a short-term relief of sellers and renewed demand to support the market. The market's profitability remains very strong, with most bitcoin supplies still maintained at favorable cost bases below current spot prices.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
David Sacks Won't Be Trump's AI and Crypto Czar; Here's What It's All About
Tether invests $775 million in video platform Rumble
XRP on the Rise: Trump Investment Rumors Boost Token’s Appreciation
Sonic Chain Hits Major Block Milestone, Here Are Crucial Stats