🐳 Bitcoin Wallets Are Declining — But Concentration Is Increasing

Something notable is unfolding across the $BTC network.

📉 Since March 3, the number of wallets holding at least 1 BTC has decreased by 2.2%. At first glance, this may appear bearish.

📈 However, the key development lies beneath the surface:

Wallets holding more than 1 BTC now control an additional 136,670 BTC.

🤔 In practical terms:

• Fewer wallets overall

• Larger holders gaining share

• Increasing accumulation at the top of the distribution

This behavior does not align with panic-driven selling.

Instead, it suggests #Bitcoin is gradually consolidating into stronger, more committed hands.

#BTC #PriceAnalysis

#BitcoinPricePrediction #OnChainData #CryptoMarkets