The holder map shows how concentrated BTC supply is at the top.

Satoshi alone sits above 1.1M BTC, while exchanges like Coinbase (~998K) and ETFs like BlackRock’s IBIT (~800K) control massive pools of liquid supply.

What changed over time is who holds it. Early coins were static, now a large share sits inside custodians, ETFs, and CEXs, which means the same coins can move faster when flows shift.
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