Individuals Dominate Bitcoin Ownership with 13.98M BTC Held
The latest data from River shows that individuals hold a significant portion of Bitcoin's total supply. According to the statistics, individuals are in control of 13.98 million BTC, which is more than three times the amount controlled by businesses, funds, ETFs, governments, and Satoshi combined. This dominance highlights the concentrated retail ownership of Bitcoin.
The current market trend suggests a bearish outlook for the short term, with the price below the EMA50 resistance at $77,915.9 but above the EMA200 support at $74,457.98. However, the MACD indicator has registered a bullish golden cross at 61.94, and the RSI is sitting neutral at 49.07 within the Bollinger Bands.
As a result, analysts are expecting a test of upper band resistance at $78,619.17 before any potential pullback towards lower band support at $76,412.28.