It shows the proportion of identified Bitcoin owners associated with specific wallets, and they make up 45 percent. The majority are exchanges, ETFs, and custodians. But the owners of the other portion are unknown, they are simply unlabeled addresses.
For me, this "unidentified" nature is part of the concept of decentralization.
I understand that the largest of these wallets are monitored by alert bots, and the overall ratios will fluctuate greatly. But overall, I'm surprised that the depths of our Bitcoin ocean are still so murky.
Bro, this is not a big deal to me because the majority is still in the unlabelled category. While the labelled category, which is around 45%, looks very big, to be honest, you have added labelled and Patoshi coins to it too. In the second category, the majority are people like us. We own coins distributed all over the world.
The majority are still individuals, and these managers and custodians are not investing their own money. They are just managing your funds. So if we go deeper into this sea, we will find that in the first labelled category, many are still individuals holding coins and making their moves, but overall, in such comparisons, they are not counted as individuals. This must worry them because they are counted as companies, not as individuals.
