Large Capital is Actively Selling Bitcoin
In the last 8 months, we have observed active selling of Bitcoin by large holders. Owners of large amounts of Bitcoin, who once considered it a safe investment asset, are increasingly looking for alternatives and opportunities to diversify their portfolios. This forces them to withdraw capital from Bitcoin to find more promising investment opportunities. It is important to analyze the statistical data on Bitcoin distribution to understand how the market is changing and which groups of investors may win or lose in the future.
Let’s start with the statistical data on Bitcoin distribution:
| Category | Percentage | Amount of Bitcoins | Approximate Number of Wallets |
|---|---|---|---|
| Lost Bitcoin | 10% | 2,100,000 BTC | Unknown |
| Not moved for more than a year | 50% | 10,500,000 BTC | Unknown |
| Large holders (10+ BTC) | 10% | 2,100,000 BTC | 210,000 |
| Medium holders (1-10 BTC) | 25% | 5,250,000 BTC | 1,050,000 |
| Small holders (<1 BTC) | 5% | 1,050,000 BTC | 2,100,000 |
From the presented data, it is evident that 50% of Bitcoins have not been moved for over a year, and their owners remain unknown, which constitutes the main mass of the emission. Large active holders control 10% of the total volume. Medium and small holders already account for about 30% of the total volume — that is no small share.
Despite numerous news and forecasts claiming that the price of Bitcoin could reach 100,000 or even 200,000 dollars, our analysis shows that large Bitcoin holders have been actively selling their Bitcoin reserves since March 2024.
We believe that the reasons are as follows:
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Lack of growth potential: Large players do not see significant price growth prospects for Bitcoin in the near future.
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Market highs: There are beliefs that Bitcoin has reached historical highs and further investments may not be profitable.
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Expectation of price declines: Large capital expects that a price decline in Bitcoin will occur in the near future.
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Switching to altcoins: Many large investors may see greater growth opportunities in altcoins that could provide better prospects for short-term and long-term profits.
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High risk compared to potential profit: Large players seem to believe that the risks associated with Bitcoin far outweigh the potential profits.
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Beginning of activity in the main mass of 50% of the emission: Although a large portion of Bitcoins (50%) has not been moved for over a year, there has been some movement in these reserves recently. This may indicate preparations for a massive sale or other significant operations involving large players.
Thus, the current behavior of large Bitcoin holders reflects their strategic approach to asset management and their confidence in the changing market conditions.
We see that large known holders are actively selling their Bitcoins and redirecting funds into altcoins. This is related to their desire to profit from more volatile and potentially profitable assets. Such actions may indicate that large capital is looking for new profit opportunities.
Conclusions
Thus, the active selling of Bitcoin by large holders highlights the changing sentiments in the cryptocurrency market. Given the current trends, we can expect further changes in the distribution of assets in the future. Investors should be vigilant and ready for potential market fluctuations, realizing that large capital is also striving for profit.
