Just noticed something interesting in the latest UK crypto data - the number of holders dropped from 7 million to 4.5 million, but here's the kicker: the average crypto holdings actually went up. Like, people are holding less overall but those still in the game are sitting on bigger bags.

So the FCA report shows only 8% of UK adults now own crypto versus 12% last year, yet the average holdings per investor climbed to around $2,500 from $2,300. About 21% of holders are sitting on somewhere between $1,345-$6,720 worth of crypto. Pretty wild that fewer people means bigger average positions, right?

Bitcoin and Ethereum still dominate - 70% and 35% of UK investors hold them respectively. Even with all the shake-out happening, people aren't diversifying much. They're just consolidating into the big two. Awareness stayed high at 91% though, so it's not like people forgot about crypto - they just got more selective about actually holding it.