Bitcoin’s Bottom Grows While Whales Feast: Is the Middle Class Vanishing?

Recent data paints a curious picture in the Bitcoin landscape. While the number of wallets holding less than $10 in BTC has surged by a staggering 75%, a contrasting trend has emerged: a simultaneous 3% increase in the number of whale wallets, those holding significant Bitcoin reserves. This development raises concerns about a shrinking Bitcoin middle class, potentially signaling a growing divide within the crypto ecosystem.