Benzinga – One of the more interesting data points to look at for any asset is the distribution of holders. The distribution can play a large part in the trading dynamics of the asset as well as broader market sentiment. Additionally, because blockchain technology is entirely public, the distribution of holders is known, offering unparalleled insights into Bitcoin’s dynamics.
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Bitcoin (BTC) and crypto, in general, are known to have many large holders — sometimes referred to as whales — who influence the price with large trades. Others can see these trades and make moves in response, often…
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