Retail investors are growing their BTC stack; whales’ holdings falling

Retail investors are growing their BTC stack; whales’ holdings falling

Bitcoin ownership is still growing among retail investors, with three million BTC holdings at present, while whale accumulation is declining, with the recent number around nine million, according to Glassnode data analyzed by CryptoSlate. 
A retail investor is someone who holds one bitcoin or less, and a whale is someone who holds more than 1000 bitcoins. Bitcoin holdings by retail investors have doubled since 2018, when they held 1.5 million, whereas institutional investors held 10 million.

However, the space sustained several setbacks this year, including hacks, Terra-Luna’s collapse, and the FTX’s downturn, which came with a number of bankruptcies. 
Even during the downturn sparked by Terra Luna’s collapse in May, investors continued to accumulate Bitcoin. Nevertheless, Bitcoin traded flat throughout Q3 as sentiment turned bearish in August. 
Furthermore, Bitcoin holders holding less than 1 BTC and 1,000 BTC to 10,000 BTC entered an accumulation stage in late October. Howe

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