The largest holder of Bitcoin (BTC), the whale has sold the most BTC ever recorded on a 30-day basis. Over the past 30 days, these whales have offloaded a total of 280,000 BTC, according to Glassnode on-chain data.
Whales are currently estimated to hold around 9 million BTC, which is a significant portion of the total BTC supply.
- A whale holding between 1,000 and 10,000 BTC holds 3.6 million BTC.
- A whale holding between 10,000 and 100,000 BTC holds 1.9 million BTC.
- Whales holding more than 100,000 BTC hold 3.6 million BTC.
These large Bitcoin holders have a large influence on the market, and such sales activity can affect the price of BTC.
Looking at the trend cumulative scores by cohort metrics, the on-chain grassnode data confirms concentrated selling pressure from BTC whales.
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