As we have written it before, Glassnode said there are more and more whales on the Bitcoin network. But it doesn’t mean whales are the dominants on the blockchain. The new method separates the miner and exchange wallets and shows the real condition of the network.
As we see, there is a much healthy distribution between wallets. Of course, there are more and more whales, but due to the institutional investors. Next to that, the number of the smaller addresses also grows continuously.