The data, compiled by cryptocurrency market research newsletter Diar in its latest weekly edition, echoes similar findings from industry researchers appearing throughout 2018.
Despite Bitcoin price $6446.49 +0.23% trending towards $6000 once again this week, there is little trace of panic selling, Diar noting largescale investors continue to show “very strong resolve.”
“Long-term investors are keeping the faith in the king of cryptocurrencies despite the bears market in 2018,” the newsletter comments.
…Over 87% of Bitcoins are stored in wallets that are above 10 Bitcoins ($60K+) – the total value just shy of $100 (billion) of the total market capitalization. These coins sit in only 0.7% of all Bitcoin addresses.
Included in the figures, the publication adds, are the huge wallets maintained by major exchanges keeping funds on behalf of users and not just private wallets.