A closer look at the distribution shows an even greater imbalance.
According to the firm, wallets with less than 1 BTC, typically representing smaller retail participants, account for under 7% of the total supply.
Meanwhile, Santiment’s analysis points to a strong Bitcoin concentration among wallets between 10 and 10,000 BTC.
According to the firm, this group controls over 68% of the total supply, equivalent to more than 13.5 million BTC. In dollar terms, their holdings are worth $1.39 trillion.
The group includes early adopters, institutional players, high-net-worth individuals, and centralized exchanges.
Within this cohort, wallets holding 100 to 1,000 BTC own around 23.5% of the supply, while those with 1,000 to 10,000 BTC account for an additional 22.8%.
