Glassnode: Large entities currently hold about 4.9 million Bitcoins, accounting for 25% of the circulating supply

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ODAILY
07-16
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Odaily Odaily News Glassnode said in its weekly on-chain report that large entities have been marked and currently hold about 4.9 million bitcoins, equivalent to 25% of the circulating supply. Among these entities, CEX and ETF custodians account for the largest proportion. After the German government address sold all its Bitcoin holdings, there seems to be a relief for sellers in the short term, as well as a re-inflow of demand to support the market. Market profitability remains very strong, and most Bitcoin supply remains on a favorable cost basis, below the current spot price.

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