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Report: Circulating Bitcoin Majority Remain Sequestered to Investment Wallets (diar.co)

Over 55% of Bitcoins currently sit in wallets that have balances upwards of 200 coins – worth over $1Mn at any point in time within the last 11 months when the price of Bitcoin breached the $5k mark.

And impressively, 1/3 of the Bitcoins that are sitting in these wallets, have never made an outgoing transaction, which, outside of exchange wallets could indicate either lost private keys, lowering real supply, or a very strong resolve by cryptocurrency believers.

Long-term investors are keeping the faith in the king of cryptocurrencies despite the bears market in 2018. Data crunching by Diar shows that the majority of circulating Bitcoins, 55%, are sitting in wallets that are valued north of $1.3Mn at current prices.

At pixel time, over 87% of Bitcoins are stored in wallets that are above 10 Bitcoins ($60K+) – the total value just shy of $100Bn of the total market capitalization.

These coins sit in only 0.7% of all Bitcoin addresses.Accounting for wallets with over 100 coins ($640K+), this number drops to under 0.1% of all addresses, but represent 62% of all outstanding Bitcoins.

The top-heavy ownership of Bitcoins of course does not indicate a select number of wealthy individuals solely however, as the largest wallets are owned by cryptocurrency exchanges that are holding the coins on behalf of clients.

In fact, 3.8% of the total bitcoin supply are currently sitting in the top 5 wallets that are known to be managed by major exchanges – approx. $4.2Bn in value.

|| BALLERS BE BALLING, HODLERS BE HODLING

An amazing 42% of Bitcoins held in such investment wallets (above 200 BTC) made no outgoing movement during the price peak in December 2017 - and sat in wallets before the markets saw the near $20k BTC. And 27% of these Bitcoin wallets have continued to add more coins to their stash since then.

|| TWO SIDES TO A BITCOIN TOO

An analysis earlier this year by blockchain analytics firm Chainalysis, however, places a whopping $30Bn Bitcoin sell off between December 2017 and April 2018.

The report placed, back in April, 1/3 of Bitcoin supply in the concentrated hands of 1600 individuals. But there is a cherry on top for long-term investors. Chainalysis places the possibility of 30% of Bitcoin supply to be lost, and unmined. Diar recent analysis is inline with this estimate.


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    Francisco Gimeno - BC Analyst Good report. In a bearish market, a lot of HODLING and a third of BTC in hands of only 1600 ppl. What does this mean? That, as usual, the time to invest in BTC is now. Even if it goes down to 1,000, or even less, as the patterns and analysts foresee, BTC has an interesting future. However, as always, use your own common sense and get informed before making any investment.