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How many bitcoin whales are there?

3 months ago

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Greetings from MCS, the derivatives trading platform where traders ALWAYS come first.

     

     

     

We explained the definition of a bitcoin whale from last time's blog. Today, we will talk about how many 'whales' there are.

     

       

🐳What is a bitcoin whale?

Theses are Individuals or organizations that manage bitcoin asset worth billions to trillions of dollars.

       

MCS guessed the number of bitcoin whales by counting the number of wallets that stored a certain amount of bitcoins. Let's look at the graph below to predict the number of whales with more than 100, 1,000, and 10,000 bitcoins!

     

     

🔸 The number of wallets with more than 100 bitcoins (roughly worth $920k based on the written date!)

     

       

The number of bitcoin wallets with more than 100 bitcoins based on May 28, 2020, was 16,073. The highest number of wallets was 18,543 back in 2017 and has constantly fallen since.

     

       

🔸 The number of wallets with more than 1,000 bitcoins (roughly worth $9.2mn based on the written date!)

     

       

The number of bitcoin wallets with more than 1,000 bitcoins based on May 28, 2020, was 2,132.

     

The number of bitcoin wallets with more than 1,000 bitcoins has fallen a little since September of 2019, the highest record of 2,184. However, the graph indicates that the number of wallets with this amount of bitcoins is consistently increasing in general.

     

     

🔸 The number of wallets with more than 10,000 bitcoins (roughly worth $92mn based on the written date!)

       

     

The number of wallets with more than 10,000 bitcoins based on May 28, 2020, was 108.

     

The number of bitcoin wallets with this amount of bitcoins hit the highest in October 2018 with 126 and has decreased towards the end of 2018, but it's recently started to climb up again.

     

Bitcoin whales managing an astronomical number of crypto assets! Their stories on the next crypto chapter are to be watched out for.

     

     

Traders ALWAYS come first on MCS.

     

Thank you.

     

   

     

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Published 3 months ago