
Mega whales and minnows

$118,166.00
-0.09%$3,437.08
8.44%$3.15
7.35%$716.88
3.56%$172.52
5.07%$0.999902
-0.00%$0.2115
6.03%$3,436.34
8.43%$0.311766
3.63%$0.769742
3.00%$46.62
-2.49%$118,006.00
-0.08%$0.466555
1.45%$4,132.90
8.07%$3.99
-0.35%$16.91
3.79%$0.240185
1.86%$494.34
-1.03%$22.57
2.61%$3,683.61
8.52%$0.00001432
4.53%$8.79
-0.63%$3,433.34
8.35%$3.18
2.03%$98.01
1.69%$0.999879
0.01%$1.001
0.17%$45.15
1.28%$4.18
1.44%$337.20
1.75%$118,253.00
-0.03%$0.00001345
3.72%$8.94
-3.71%$1.001
0.05%$4.68
0.62%$322.85
-3.35%$428.83
-3.26%$0.44011
-1.20%$2.74
1.97%$5.17
-0.38%$0.107835
-0.46%$1.18
0.05%$0.961586
1.46%$19.82
1.55%$5.59
0.28%$0.00003835
22.33%$209.76
4.96%$47.21
-0.29%$1.00
0.00%$0.750227
4.03%$0.289398
2.02%$0.09298
4.68%$0.37166
2.88%$1.00
0.09%$0.445178
2.14%$0.02546899
1.00%$4.74
0.89%$0.36226
-1.72%$4.04
3.55%$0.231567
-0.89%$3,437.13
8.59%$0.769117
0.70%$9.87
3.51%$4.52
0.83%$1.11
2.94%$1.059
0.00%$16.12
1.32%$0.00539497
-19.80%$0.0300658
-7.42%$2.66
1.06%$118,210.00
0.16%$0.079334
-0.20%$182.91
4.80%$114.96
1.31%$1.79
5.75%$3,604.81
8.35%$0.5405
3.21%$3,901.08
8.09%$4.89
2.46%$11.79
1.25%$0.999908
0.02%$0.997739
-0.01%$1.42
17.40%$1.96
-0.71%$1.015
28.28%$1.00
0.04%$13.47
1.64%$0.822696
1.60%$1.31
-0.18%$0.080186
2.84%$3,607.69
8.22%$4.36
-1.42%$3,672.26
8.14%$0.01832443
5.09%$0.00012966
29.83%$0.703533
-1.33%$0.382729
4.90%$3,717.58
8.65%$1.78
6.50%$3,618.99
8.44%$1.00
0.04%$117,891.00
-0.01%$1.065
-1.42%$0.104273
0.78%$0.543598
0.56%$0.999811
0.15%$0.166266
9.28%$118,285.00
0.04%$716.61
3.66%$3,339.34
-0.14%$120,693.00
0.36%$194.22
5.27%$1.11
0.03%$0.231156
2.94%$26.82
1.53%$2.56
4.86%$0.555517
-0.38%$226.84
5.54%$0.999375
-0.02%$0.850624
1.74%$0.939937
1.48%$0.01825394
2.66%$0.01695599
0.73%$3,329.67
-0.21%$0.924781
6.90%$2.95
0.74%$0.314957
-0.01%$3,675.90
8.40%$3,447.11
8.77%$10.75
0.01%$0.125636
2.19%$44.41
-0.04%$3,580.81
8.69%$0.272506
-2.51%$111.82
0.01%$4.22
2.88%$0.0000007
-0.51%$0.652029
-0.30%$1.91
-0.25%$0.99845
0.03%$2.11
1.61%$118,159.00
0.07%$1.00
0.03%$0.402805
0.36%$0.01873013
-1.02%$0.00000164
1.14%$1.093
-0.14%$0.456853
-1.83%$3.34
7.93%$3,443.27
8.70%$0.317372
-0.21%$0.061632
6.61%$0.00883627
0.71%$117,574.00
0.49%$0.997703
0.01%$0.00631929
-2.94%$28.72
-3.13%$1.63
3.32%$3,444.05
8.71%$118,059.00
-0.05%$46.72
-2.25%$0.547476
-1.24%$1.31
3.66%$1.00
-0.00%$0.211522
6.17%$6.73
-26.53%$0.328546
-18.13%$0.00918232
9.78%$3,658.84
8.42%$0.66653
-0.11%$0.999832
0.02%$0.144003
-1.14%$0.071583
-4.28%$1.16
0.05%$0.099743
-3.94%$3,795.21
8.44%$0.501794
-1.02%$0.466275
-3.76%$1.001
0.31%$0.658399
2.20%$7.42
-0.94%$46.66
-1.63%$8.40
9.42%$0.404159
2.83%$0.191456
0.41%$3,414.01
7.90%$0.436487
0.97%$49.91
-0.77%$6.61
0.68%$16.34
2.02%$1.47
-1.41%$3,766.16
8.57%$0.326284
-12.59%$0.216002
-6.56%$0.00000045
1.03%$0.00002205
-0.59%$0.060399
-0.18%$2.61
1.06%$5.27
16.65%$1.78
10.69%$3,434.27
8.81%$1.093
0.01%$0.999904
0.00%$3,434.52
8.38%$0.04184582
0.73%$1.003
-0.12%$0.00405673
-3.52%$0.086786
2.39%$0.153498
-1.46%$118,145.00
-0.06%$0.405041
8.14%$1.005
0.04%$0.869861
-0.16%$0.554294
-0.33%$0.00564496
-5.33%$4,147.51
8.31%$1.38
0.46%$0.00733791
-0.08%$0.999901
-0.00%$142.39
5.29%$189.28
5.32%$0.03744949
1.94%$0.560638
3.47%$12.26
3.31%$0.01884468
0.57%$0.0000639
1.16%$118,079.00
-0.09%$0.00397127
23.53%$27.41
2.61%$21.39
0.51%$0.03279455
-1.90%$0.746614
-1.55%$0.82234
4.06%$0.341301
-5.35%$0.999881
0.00%$0.231373
-0.73%$1.14
-0.31%$3,592.37
8.02%$0.00000164
19.61%$22.55
2.61%$0.00389405
1.43%$0.696125
0.53%$3,861.93
8.03%$0.999904
-0.03%$0.99942
0.00%$0.307407
6.98%$0.492303
0.77%$0.99939
0.01%Reading
The number of Bitcoin (BTC) whales, or wallet addresses holding 1,000 or more BTC, hit its lowest level since August 2019 on Sunday.
There were 2,027 whales on Sunday, February 19, according to crypto analytics service Glassnode; the last time their number dropped this low was August 5, 2019, when they numbered 2,023.
Owning that much Bitcoin at its current price of around $25,000 represents a sizeable show of faith in the digital currency, with each whale holding almost $25 million in Bitcoin.
The number of Bitcoin whales peaked in February 2021 at just under 2,500 but has declined steadily since then.
This trend comes despite a market rally that occurred between February and March 2022, when the number of whales jumped from 2,117 on February 21 to around 2,286 on March 23.
The same trend doesn’t appear among so-called mega whales, those holding more than 10,000 BTC, representing an investment of over $250 million at current prices.
There are just 117 mega whales, fairly close to the historical highs of 123 in November 2022, and 126 in October 2018. Their behavior has historically been much less correlated with the price of BTC.
However, the number of smaller investors in BTC, wallets holding over one coin, has gradually increased over the past five years with some dips, despite the dramatic changes in the price of the digital currency we’ve seen in the time period.
The number of wallets holding more than one BTC currently sits at 982,000, a solid rise from around 814,000 around his time last year, and 788,000 in February 2020.
The news comes as the price of BTC has rallied during 2023, after falling abruptly in the latter part of 2022 following the high-profile collapse of crypto exchange FTX.
This week in coins. Illustration by Mitchell Preffer for Decrypt. Last week was the first real red week of 2023 thanks to an SEC crackdown on Kraken and staking that shook crypto confidence, but most leading cryptocurrencies managed to recover value this week. Bitcoin (BTC) rose 13.7% over the past seven days to hit $24,608 as of Saturday morning, according to CoinGecko data, after briefly reclaiming $25k on Thursday. The world’s number one cryptocurrency is currently being buoyed by the succes...
Bitcoin's price has risen from $16,542 on January 1 to around $24,900 at the time of writing, an increase of over 40%.
Bank of America Chair and CEO Brian Moynihan reaffirmed the bank’s cautious approach to stablecoins during its earnings call on Wednesday, pointing to a lack of regulatory clarity and uncertain client demand as reasons for holding back. "That's still going on as we speak," Moynihan said in reference to the unsettled regulatory landscape while also downplaying the current need for such offerings. “The business cases for it as incremental value are still to be proven, frankly,” he said. “We are n...
Citigroup is exploring issuing its own stablecoin for cross-border payments, CEO Jane Fraser told analysts in an earnings call this week, adding to the list of banking giants that are also considering stablecoin initiatives. Citi’s potential entrance into the stablecoin market also underscores the growing interest in an area that was once solely the domain of native crypto firms. "We are looking at the issuance of a Citi stablecoin.” Fraser said on Tuesday, “We're exploring… reserve management...
California Governor Gavin Newsom signed an executive order on Tuesday, officially launching a state-backed initiative to modernize government operations with close collaboration from tech and crypto firms. Dubbed the “California Breakthrough Project,” the task force quietly met for the first time on June 6 at Ripple’s San Francisco headquarters, more than a month before the project was made public. Attendees included executives from various participating tech firms, including blockchain-based...