Retail dominance of 66% is pretty hard-core data; the real decentralization narrative still depends on the on-chain.

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CoinNetwork
Crypto realm news: According to a Bitwise report, individual investors currently hold 66.1% of Bitcoin’s total supply, far exceeding the 7.8% held by companies and the 7.2% held by funds and exchange-traded funds (ETFs). This figure is based on public wallet data, on-chain analysis, and related disclosures, showing that retail investors still dominate the Bitcoin market.
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