The number of Bitcoin whale wallets has risen by 3%, indicating a consolidation of holdings among large investors. Conversely, the number of wallets containing less than $10 in BTC has surged by an astonishing 75%. This shift highlights a growing disparity in Bitcoin ownership, with the middle class of cryptocurrency users diminishing.
This trend suggests that while some investors are accumulating significant amounts of Bitcoin, a larger number of smaller investors are entering the market with minimal holdings. The erosion of Bitcoin's bottom and the expansion of whale wallets could have broader implications for market stability and sentiment.
