Percentage of Supply Held by Addresses with 10 BTC or More

Understanding the distribution of Bitcoin supply is a fundamental aspect for anyone involved in the crypto space. A crucial element of this is the *Percentage of Supply Held by Addresses with 10 BTC or more*. This metric provides investors with insights into the concentration of Bitcoin accumulation, which can act as a barometer for market sentiment and potential price volatility. When a significant portion of Bitcoin is held by a smaller number of addresses, it could indicate *strong investor confidence* and commitment in the cryptocurrency's future growth.

The importance of analyzing the percentage of Bitcoin supply held by addresses with 10 BTC or more lies in its ability to reveal patterns of accumulation among *medium to large holders*. These entities are often referred to as "whales" and play a substantial role in shaping market dynamics. Such analysis can highlight:

• The level of confidence among large holders in the long-term potential of Bitcoin.
• The potential impact of whales on price stability and market movement.

For instance, a high percentage of supply in large addresses might suggest holding or accumulation behavior, typically seen as a *bullish sign* for the market.

Moreover, a detailed understanding of Bitcoin's distribution among addresses helps in assessing *market decentralization*. A healthier distribution suggests a more stable and *decentralized network*. Investors assess these patterns to gauge:

1. Decentralization level of Bitcoin as compared to other assets.
2. Market stability expectations.
3. Risk assessment related to potential concentration effects on market manipulation or whale selling pressure.

Therefore, this metric serves as an *integral tool* for making informed investment decisions.