Bitcoin On-Chain Update | Binance Square

🐳 Recent on-chain data highlights a notable shift in $BTC wallet distribution.

📉 Since March 3, the number of wallets holding at least 1 BTC has declined by 2.2%, which may initially appear bearish.

📈 However, wallets holding more than 1 BTC have increased their combined holdings by 136,670 BTC, pointing to continued accumulation by larger holders.

🔍 In simple terms:

• Fewer wallets meeting the 1 BTC threshold

• Larger holders increasing exposure

• Accumulation concentrated at the top

📊 This behavior suggests a redistribution into stronger hands, rather than broad-based panic selling.

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