Supply Distribution
% of BTC in wallet sizes - shows concentration.
Glassnode/CryptoQuant split addresses into shrimps (<1 BTC), crabs (1-10), fishes (10-100), sharks (100-1k), whales (1k-10k), humpbacks (>10k). Decentralization rises when small (shrimps+crabs) gain share and whales lose it. ETF/institutional growth since 2024 reshapes this.
In plain words
Tells you what % of all Bitcoin is held by minnows (<1 BTC) vs whales (>1000 BTC).
Example
March 2025: 6.2% of BTC in ETFs (BlackRock 2.7%, Fidelity 1.6%), shrimps at 7.5% (all-time high).
Also known as: holder distribution, whale concentration