Bitcoin whales have accumulated 1% of the total circulating supply over the past four months

BlockBeats News, July 31 — According to data from the crypto market analytics platform Santiment, whale addresses holding between 10 and 10,000 bitcoins have accumulated 0.9% of the total supply over the past four months. Given that the current circulating supply of bitcoin is 19,899,417 coins, this proportion actually rises to 1%, as there are still some bitcoins yet to be mined (with a total supply of 21 million coins).

On-chain analyst Ali Martinez noted that in just the past 48 hours, bitcoin whales have collectively increased their holdings by 30,000 BTC.