The number of Bitcoin whales hit an all-time high during the latest bull run

[leea-1334]

Some whales bought it over the counter, and hodl it into hardware wallets, So we wouldn't actually know how many whales are currently holding Bitcoins. This chart or data, may not be entirely accurate. But all of them are coming out in the wild, with all the uncertainty happening with the financial system and massive quantitative easing. Of course some millionaire's will want to protect their wealths.

Yes,,, and I also believe some whales hold in many many wallets so that nobody can see it when they move it around. Probably every wallethas 10 or more addresses too so it is even harder to trace. Not everybody likes to be watched esepcially not whales. Bet there are more that we do not capture from analysis.

[jemimah_f3]

In my opinion it's not good for BTC and decentralization since whales continue accumulating and control big part of crypto.

On October 20, there were 2,178 Bitcoin addresses that held at least 1,000 BTC. By October 25, this number increased to 2,231. This indicates the number of Bitcoin (BTC) whales reaching a new all-time high recently.


https://studio.glassnode.com/metrics?a=BTC&m=addresses.Min1KCount&s=1562062216&u=1603670400&zoom=

Based on this data, we can surmise that the whales control at least 2.23 million Bitcoin — a significant figure equivalent to 12% of the current supply.


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to data from BitcoinCharts, these whale addresses actually control a much higher 7,902,469 BTC, or 42% of the total supply. Although we know the number of whale addresses, we do not know how many individuals or entities control them. Multiple addresses could be controlled by a single entity, or likewise a single address could be controlled by multiple parties with a multi-signature wallet.


https://studio.glassnode.com/metrics?a=BTC&category=Lifespan&m=supply.HodlWaves&s=1481224923&u=1603670400&zoom=

https://www.[Suspicious link removed]s/cointelegraph.com/news/the-number-of-bitcoin-whales-hit-an-all-time-high-during-the-latest-bull-run/amp

[DooMAD]

the community has changed. the code has changed and now everything is now pushing people to hoard in custodial multisigs/LN vaults/exchange private keys

making it harder for individuals to make transactions personally but easier to lock funds up into corporate services for easy use via other networks/datastructures has become the new game of bitcoin. so its not the peoples fault if the code has made things more expensive to do independantly, by raising fee's and promoting corporates services to take the edge off the fee's.

the new fee structures implemented after 2013 and again in 2017 has ruled out utility of daily spending for people in developing countries. thus bitcoin lost its slogan of 'for the unbanked' with some countries minimum wage translating to $2 a day. and just 1tx fee being $2. some people just wont want to use a system that costs them a days wage just to make a transaction

so its not all down to peoples choice. its actually code. and code can be changed.. but developer politics is to blame for not making bitcoin more utility friendly.. not average joe people. because average joe cant convince devs to make things better. its been tried by thousands of people. but devs ignore community desires

If just once you even pretended to care about the cost of running a non-mining full node, you might be less transparent.  But you don't see the value in running nodes.  You think it's pointless and that only big corporations should run them.  Totally single-minded and unable to grasp the absurdity of your position.  Do you see the 10000+ nodes running right now?  Stop pretending you speak for all of them.

There is a balance to maintain between keeping Bitcoin transactions affordable and keeping the cost to run a full node affordable.  It's not as simple as you like to imagine in your fantasy land.

You constantly babble on about "community desires" and "making things better".  It's ridiculous.  Those are your desires and they would not make bitcoin better.