Bitcoin

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>A lot of analysis has been around whales accumulating Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) while other cohorts sell.</li>
<li>But it is important to understand different entity balances to see where the potential sell pressure could come from and how the trend is changing.</li>
<li>Looking at the past five years, some notable changes in cohort accumulation and distribution</li>
<li>The only two cohorts to have added to their balance dominance are shrimps and cohorts, while all other cohorts have seen distribution — with whales dropping the most by 4%.</li>
</ul>
<h3 id="2018">2018</h3>
<ul>
<li>Shrimps: 2.889%</li>
<li>Crabs: 7.242%</li>
<li>Fish: 17.743%</li>
<li>Shark: 19.805%</li>
<li>Whales: 38.495%</li>
<li>Miner: 10.666%</li>
<li>Exchanges: 13.826%</li>
</ul>
<h3 id="2023">2023</h3>
<ul>
<li>Shrimps: 6.71%</li>
<li>Crabs: 10.651%</li>
<li>Fish: 16.887%</li>
<li>Shark: 19.754%</li>
<li>Whales: 34.024%</li>
<li>Miner: 9.428%</li>
<li>Exchanges: 11.998%</li>
</ul>
<p>&nbsp;</p>
<figure id="attachment_320278" aria-describedby="caption-attachment-320278" style="width: 529px" class="wp-caption aligncenter"><img class="wp-image-320278" src="https://cryptoslate.com/wp-content/uploads/2023/04/animal.png" alt="Entity: (Source: Glassnode)" width="529" height="670" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/animal.png 1878w, https://cryptoslate.com/wp-content/uploads/2023/04/animal-237x300.png 237w, https://cryptoslate.com/wp-content/uploads/2023/04/animal-808x1024.png 808w, https://cryptoslate.com/wp-content/uploads/2023/04/animal-768x973.png 768w, https://cryptoslate.com/wp-content/uploads/2023/04/animal-1213x1536.png 1213w, https://cryptoslate.com/wp-content/uploads/2023/04/animal-1617x2048.png 1617w" sizes="(max-width: 529px) 100vw, 529px" /><figcaption id="caption-attachment-320278" class="wp-caption-text">Entity: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_320277" aria-describedby="caption-attachment-320277" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-320277 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/entity.png" alt="Entity: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/entity.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/04/entity-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/entity-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/entity-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/04/entity-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-320277" class="wp-caption-text">Entity: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/the-surprising-shift-in-bitcoin-ownership-whales-drop-4-as-shrimps-crabs-thrive/">The surprising shift in Bitcoin ownership: whales drop 4% as Shrimps, Crabs thrive</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

The surprising shift in Bitcoin ownership: whales drop 4% as Shrimps, Crabs thrive

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