Accordingly to Glassnode, The average holdings of Bitcoin whales are decreasing, with the number of addresses holding 1,000+ Bitcoin dropping to just 82 which is the lowest point since 2012.
Although the number of addresses holding 100 to 1,000 Bitcoin has increased significantly in the past few weeks.
It seems like the whales are getting smaller, this is a really good news for future as it means that market manipulation will become much harder and Bitcoin will become more decentralised.
The counter point of this could be that there can be a scenario where a single owner can split their holdings into multiple addresses.
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