Report: Bitcoin giant whale address holdings have dropped to 11%

The latest Coin Metrics report states that the Bitcoin giant whale address (which holds at least one-thousandth of the total supply) holds a 33% historical peak in total supply in February 2011. In February this year, that number had fallen to 11%. On the contrary, since 2011, the proportion of small addresses with a balance of one ten millionth or less of the total BTC supply has been steadily increasing.