Glassnode: Large entities currently hold about 4.9 million Bitcoins, accounting for 25% of the circulating supply
According to a report by Glassnode in its weekly on-chain report, marked large entities currently hold about 4.9 million bitcoins, equivalent to 25% of the circulating supply. Among these entities, CEX and ETF custodians make up the largest proportion. After the German government sold all of its bitcoin holdings, there seems to have been a short-term relief of sellers and renewed demand to support the market. The market's profitability remains very strong, with most bitcoin supplies still maintained at favorable cost bases below current spot prices.
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In the past 24 hours, the entire network has liquidated 322 million US dollars, mainly short orders
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