These Players Are Controlling the Bitcoin Market

As the world of cryptocurrencies continues to expand and evolve, new data on Bitcoin’s distribution among various players becomes increasingly important to investors and analysts. According to recent CryptoQuant data, big players currently control a significant portion of the Bitcoin market.

CryptoQuant analyzed the UTXO Value Range, which shows the value distribution of all unspent transaction outputs, and found that mid-sized players Dolphins and Sharks, with 100-500 BTC and 500-1,000 BTC respectively, control 29.57% of the market share. Meanwhile, whales Representing players with 1,000-5,000 BTC, 5,000-10,000 BTC, and over 10,000 BTC respectively, Humpbacks, Humpbacks, and Super Whales control a 31.57% market share.

Source: CryptoQuant

Together, these big players control 61.14% of all Bitcoins. This means that the market is very sensitive to the actions of these players, who buy and sell large amounts of Bitcoin, causing large price swings.

At the same time, the data also shows that there is still significant potential for growth and increased retail investor participation, as smaller players and investors currently hold only 38.86% of the market. This shows that cryptocurrencies are still a relatively niche investment vehicle, with room for further expansion and diversification.

Looking at the distribution of Bitcoin address balances by pool shows that the richest wallet group, which controls 31.57% of the market, has only 4,151 wallets. This highlights the fact that despite the growing popularity of cryptocurrencies, the number of investors holding bitcoin remains relatively small.

board take

according to Kyptos

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