News list for " entity current"

Glassnode: Large entities currently hold around 4.90 million bitcoins, representing 25% of the circulating supply

Glassnode said in its weekly on-chain report that flagged large entities currently hold around 4.90 million bitcoins, equivalent to 25% of the supply in circulation. Of these entities, CEX and ETF custodians account for the largest proportion. After the German government sold all of its bitcoin holdings, there appears to be a short-term relief from sellers and a renewed inflow of demand to support the market. Market profitability remains very strong, and most bitcoin supply remains on a favorabl...

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2024-07-16 14:43:01
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