Bitcoin's major holders are becoming increasingly concentrated among institutional players. Here's the breakdown:
Public companies are holding approximately 1.07 million BTC, while government entities control around 0.62 million BTC. The U.S. spot ETF market has accumulated 1.31 million BTC since inception, and cryptocurrency exchanges are sitting on roughly 2.94 million BTC.
Combined, these four categories account for approximately 5.94 million BTC—representing nearly 30% of all circulating supply. What's striking here isn't just the sheer volume, but the implication: liquidity is shifting into the hands of fewer, larger players. This concentration pattern reveals how institutional adoption continues reshaping Bitcoin's market structure, with traditional finance gateways and custodians playing an increasingly dominant role in the ecosystem.
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BoredRiceBall
· 12-13 07:45
Now it's truly a game for the minority; retail investors are still dreaming.
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Got it, big institutions have the entire market in their hands.
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It's outrageous; we're still grocery shopping while they already control the entire situation.
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Basically, wealth continues to concentrate, no different from traditional finance.
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30% of the circulating supply is concentrated... how are we supposed to play this, brother?
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Exchanges directly hold 2.94 million coins? Full marks for absurdity.
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Wait, does this mean it will become more stable and instead become boring...
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Institutions entered with the hope of democratizing finance, but the same old tricks are still at play.
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Wake up, everyone, the game of big fish eating small fish has never changed.
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BlockImposter
· 12-13 07:45
Huh, 5.94 million tokens... Is this what they call "decentralization"?
Just the prelude to big players harvesting retail investors.
Exchanges hold 2.94 million? Frankly, retail investors like us are just waiting to be slaughtered.
Institutions are the bagholders, and we’ve become liquidity providers.
This is fucking insane; the government is also starting to stockpile coins.
View OriginalReply0
blocksnark
· 12-13 07:43
Wait, the exchange is holding 2.94 million? How is that still called decentralization...
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Institutions are buying the dip so aggressively, do retail investors still have a chance haha
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30%, this concentration is indeed outrageous
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Damn, the government also has 620,000? Something's not right
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So in the end, it's still the big players calling the shots, nothing changes
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The US ETF only has 1.31 million? Feels like it's not as much as I imagined
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With this level of concentration, how can they still claim decentralization? Laughing to death
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So this move by institutions is just treating BTC as a reserve asset
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By the way, when will the 2.94 million held by the exchange actually flow out...
View OriginalReply0
BlockchainGriller
· 12-13 07:43
Retail investors are about to get cut again, this is the endgame
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Institutions are hoarding coins so aggressively, what are we even playing for
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Wait, the exchange has 2.94 million? That’s terrifying
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Basically, it’s big fish eating small fish, decentralization has become a joke
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I just want to know when the market will crash
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It’s obvious now, BTC has become an ATM for institutions
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No wonder it’s been unable to rise recently, it’s all locked up
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Liquidity concentration = risk concentration, has anyone thought about that?
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The government is also hoarding? Then I dare not touch it even more
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30% held by institutions is actually okay, I was overthinking
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This is called an elephant dancing, we can only lie low
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So why am I still here, haha
Bitcoin's major holders are becoming increasingly concentrated among institutional players. Here's the breakdown:
Public companies are holding approximately 1.07 million BTC, while government entities control around 0.62 million BTC. The U.S. spot ETF market has accumulated 1.31 million BTC since inception, and cryptocurrency exchanges are sitting on roughly 2.94 million BTC.
Combined, these four categories account for approximately 5.94 million BTC—representing nearly 30% of all circulating supply. What's striking here isn't just the sheer volume, but the implication: liquidity is shifting into the hands of fewer, larger players. This concentration pattern reveals how institutional adoption continues reshaping Bitcoin's market structure, with traditional finance gateways and custodians playing an increasingly dominant role in the ecosystem.