[yunohn]

> I think thats generally believed to be hot wallets for exchanges

Could you source that claim? I find it absurd that you think such studies haven’t considered crypto exchange wallets in their analysis…

[fartcannon]

You don't need a study, you can see the biggest wallets on sites like this: https://bitinfocharts.com/top-100-richest-bitcoin-addresses....

It's all public knowledge.