On September 23, COINOTAG News cited a tweet from CryptoQuant analyst Axel Adler Jr noting that retail investors currently hold approximately 1.6 million BTC, representing about 8.4% of Bitcoin’s circulating supply, and that these holders are continuing to accumulate.
Market participants often rely on on-chain data to assess demand distribution; the CryptoQuant disclosure provides a measurable snapshot of retail positioning without implying immediate price direction or causation.
Traders and analysts tracking liquidity and supply dynamics may incorporate this metric into broader models, while primary sources such as CryptoQuant and original tweets remain the most reliable references for verification.