This substantial holding accounts for 27% of the total adjusted circulating supply of Bitcoin, providing valuable insight into the current state of the Bitcoin market. To calculate this figure, the amount of Bitcoin that has been idle for over seven years is subtracted from the total supply, giving a clear picture of the active holdings in the market.

The major entities holding a significant share of Bitcoin include U.S. spot ETFs, the Mt.Gox trustee, the U.S. government, exchanges, and miners, with each playing a crucial role in shaping the market dynamics. The distribution of holdings among these entities is diverse, with exchanges holding the largest share of 2.3 million Bitcoin, followed by miners, U.S. spot ETFs, the U.S. government, and the Mt.Gox trustee.

The data highlights the concentration of Bitcoin holdings among major players, which can impact market trends and volatility. As the market continues to evolve, these figures are subject to change, reflecting the dynamic nature of the Bitcoin market. The distribution of holdings among major entities has a significant influence on the market, and any changes in their holdings can impact the overall market sentiment.

The insight into the holdings of major entities provides a comprehensive understanding of the Bitcoin market, enabling stakeholders to make informed decisions. The data underscores the importance of monitoring the holdings of major players in the market, as their actions can have a significant impact on the overall market dynamics.