Krutika Adani
Bitcoin whale holdings have surged to 670k BTC or over $45 Billion.
This is almost at the level of BTC held by all Bitcoin ETFs together at $51 billion.
Increased centralization of Bitcoin could prove disastrous as price manipulation could trouble retail markets just like in traditional stock markets.
The trend of increased centralization of Bitcoin could continue in the future unless the Bitcoin Core council takes any significant step towards decentralization.