$BTC ’s Gini Coefficient measures the level of supply concentration across wallets.
When it rises, it means BTC is becoming more concentrated in large addresses, such as whales, custodians, ETFs, or exchanges.
When it falls, it means the supply is becoming more distributed across different market participants.
The interesting point is that the Gini Coefficient has stopped rising since October 2025, when Bitcoin was reaching its all-time high.
In other words, since that top, the coefficient has stopped moving higher.
Gini rising = higher concentration.
Gini falling = higher distribution.
A simple metric to track how Bitcoin’s supply is moving across cycles.
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