Is there a way to determine the total number of bitcoin whales?

1 answers

• May 13, 2022 · 3 years ago
  At BYDFi, we believe that accurately determining the total number of bitcoin whales is a complex task. While there are methods available to estimate the number of whales, it's important to approach these estimates with caution. The pseudonymous nature of bitcoin transactions makes it challenging to identify individual holders accurately. However, by analyzing blockchain data and trading patterns, we can gain insights into the distribution of bitcoins among different entities. It's worth noting that the number of whales can change over time as individuals or entities acquire or sell bitcoins. Therefore, any estimate should be considered as a snapshot in time and not a definitive number.
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