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Report: Under 20,000 Addresses Hold More Than 60% of Bitcoin’s Supply

Sani, co‑founder of Time Chain Index, a bitcoin onchain metrics platform, studied the bitcoin address dataset to estimate the number of network users. He found fewer than 20,000 addresses hold over 60% of the supply, whi...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Report: Under 20,000 Addresses Hold More Than 60% of Bitcoin’s Supply
Sani, co‑founder of Time Chain Index, a bitcoin onchain metrics platform, studied the bitcoin address dataset to estimate the number of network users. He found fewer than 20,000 addresses hold over 60% of the supply, while about 3.9 million active users hold the remainder. Report: Bitcoin Is Highly Concentrated, Users Likely Under 4 Million While […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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