Recent data from Glassnode reveals a significant drop in the average Bitcoin (BTC) held by whales, falling to around 488 BTC – its lowest level since December 2018. This decline signals a shift in the distribution of Bitcoin across wallets, potentially impacting market behavior and influencing prices. Experts are exploring several possible explanations for this decrease: increased investor participation leading to greater BTC distribution from larger to smaller wallets, profit-taking or selling pressure by some whales during market fluctuations, and the emergence of institutional custodians fragmenting holdings across multiple addresses instead of concentrating them in fewer. 488 BTC is a drop below what we have seen since December 2018. It’s important to note that this decrease does not necessarily indicate whales are exiting the market entirely. Instead, it may reflect a more mature and decentralized Bitcoin ecosystem as Bitcoin becomes a widely held asset for both institutions and retail investors.