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
Solana’s ‘Rent Exempt’ Update Boosts Network Activity

Ethereum Surges 50% as Altcoin Market Gains Momentum

Solana’s Onchain Payment Role Expands with Speed and Partnerships

Solana Faces Short Squeeze Fears Amid Trader Bets

Trending news
MoreCrypto prices
More








