I want to put to bed this BS article propagated by Bloomberg saying BTC is highly concentrated.

This is the breakdown from @glassnode data:
- 13% exchanges (130m+ users)
- 10% miners (includes Satoshi's coins)
- 56% non-whale HODLers
- 21% whales and custody providers https://twitter.com/u108119/status/1347912608196620289
This is the supply breakdown by participants. This is worked out by forensically clustering wallet addresses belonging to individual entities. 56% are holders below 1000 BTC.

Whales are defined as holding greater than 1000 BTC.
Balances on exchanges. There's about 130m individual ID-verified unique users on exchanges right now as a lower bound estimate.
1.8m coins held by miners. This includes Satoshi's unspent coins.
I'll add also that Bitcoin continues to improve its distribution over time. That lower red band over >100k BTC that's increasing reflects the rise of coins on exchanges, so the distribution trend looks even better than the graphic suggests.
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