Quick Take
From March 2020 to September 2023, the landscape of Bitcoin entity balance dominance witnessed a notable shift. The ‘shrimp’ class, entities holding less than 1 Bitcoin, saw their dominance rise from 3.5% to 6.9%, indicating a growing number of small-scale investors. Similarly, ‘crab’ entities holding 1-10 Bitcoins surged from 8.2% to 10.9%, reinforcing this trend.
A slight decrease was observed among ‘fish’ entities (10-1000 Bitcoins) from 17.1% to 16.9%, and a more significant drop among ‘sharks’ (1000-10000 Bitcoins) from 18.4% to 16.6%. However, the ‘whale’ entities holding over 10,000 Bitcoins increased their dominance from 35.3% to 36.9%, suggesting a continued concentration of wealth at the higher end.
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