Small BTC HODLers Are Pulling Huge Force. 12-Year Trend Reveals Bitcoin's Next Phase.
29 Jul 2021, 08:00
Small BTC HODLers Are Pulling Huge Force; 12-Year Trend Reveals Bitcoin’s Next Phase
Bitcoin ownership has steadily been undergoing a redistribution from whales to a larger number of smaller holders as adoption increases, according to new data by BTC on-chain analyst Willy Woo, which involves the study of the longitudinal supply distribution of BTC since the genesis block in 2009.
By woonomic“Bitcoin continues a 12-year trend of distributing evenly. Small holders are a rising force.”
The new data indicates that the proof of this trend has been derived from actual entities’ analysis, a more accurate metric from the conventional analysis that uses BTC distribution based on addresses.