The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Mega Wealthy Bitcoin Whales Are Disappearing As Immense Distribution Phase Plays Out, Says On-Chain Analyst Willy Woo

by Daily Hodl Staff
August 4, 2021
in Bitcoin

Popular on-chain analyst Willy Woo says the largest Bitcoin whales are disappearing as a massive distribution phase is underway.

In a new interview with crypto analyst Tone Vays, Woo says that humpback whales, or entities holding 10,000 Bitcoin or more, are facing extreme extinction as they have been distributing their large BTC troves since 2012.

“The mega-wealthy [are] disappearing from the Bitcoin blockchain. This is like a story of immense distribution of coins to even distribution which is exactly what you want in a monetary network. The guys in the middle are still in the middle. But there’s a general divestment since 2017 downwards which is very healthy. The little guys are coming up.”

Although the sustained selling of the mega-wealthy BTC holders could sound bearish to some, Woo explains why the distribution is actually good for the long-term health of BTC.

“Humpback whales exiting over time is not a good sign. It is hell yes a good sign… You want them to distribute for the sake of decentralization. When you look at up down, up down and locally, you may look at whales buying or selling. But if you’re interested in Bitcoin going from 763 micro pennies to $42,000 over 12 years, you’re interested in whales reducing their holdings and the masses holding it. 

Don’t get locked into the short-term game. Look into the big picture of are your Bitcoins going to be worth $500,000, $1 million or $10 million in the next 10 years?”

Woo says there is one emerging breed of smaller Bitcoin whales upping their share of the market, which he says is playing a key role in the current boom cycle.

“The only difference that we’ve got right now is the rise of the dolphin sharks – over 100 Bitcoins. This is the rise of high-net-worth family offices and hedge funds. I would say hedge funds. The majority of those are held by many investors… We’ve got a lot of high-net-worth entities buying the dip, and they’re reflecting in the dolphin numbers.

Overall, we’re getting a very clear picture that the spread of wealth within this network is moving incredibly well towards an even distribution and a very decentralized ownership.”

I

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Warm_Tail

Submit a Press Release

Industry Announcements

  • Whale.io Accelerating Towards TGE – Unveils ‘Wager and Earn’ Campaign and Launches WHALE Token Conversion
    May 14, 2025
  • Edgen Launches ‘AI Super App,’ Democratizing Institutional-Grade Crypto Market Intelligence
    May 14, 2025
  • BC.GAME Unveils New Logo, Strengthens Crypto Integration in iGaming Ecosystem
    May 14, 2025
  • Plutus Launches PLUS More on Base – A New Era of Tokenized Loyalty Rewards
    May 13, 2025
  • DoubleUp – A New Generation of GambleFi
    May 13, 2025
  • MoonX: BYDFi’s On-Chain Trading Engine – A Ticket From CEX to DEX
    May 13, 2025
  • Canelo Álvarez Joins 1Win As Global Ambassador After Historic Title Victory
    May 13, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$103,608.76
$103,608.76
0.53%
Ethereum
$2,598.34
$2,598.34
2.86%
BNB
$651.84
$651.84
2.05%
Solana
$176.10
$176.10
4.29%
XRP
$2.55
$2.55
1.51%

Spotlight

  • Crypto Analyst Unveils ‘Perfect Trade’ for Bitcoin, Sees BTC Mirroring Gold Price Action in 2020
    May 7, 2025
  • BlackRock Buys $2,500,000,000 Worth of Bitcoin As BTC Price Holds Steady: Arkham
    May 7, 2025
  • Trillion-Dollar Bank Paying $510,000,000 Fine After ‘Conspiring To Hide’ $4,000,000,000 From IRS
    May 7, 2025
  • $2,000,000,000,000 in Demand for US Treasuries Could Come From Digital Assets in Coming Years: Treasury Secretary Scott Bessent
    May 7, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl