As of May 26, the >10K $BTC cohort has pivoted to net distribution (~0.3), signaling a notable shift in positioning among the largest holders. Apart from that, accumulation remains broad, but leadership is shifting down the wallet size curve:

🔸>10K BTC: ~0.3 🔻

🔸1K–10K BTC: ~0.8 🔻

🔸100–1K BTC: ~0.7 🔻

🔸10–100 BTC: ~0.9 🔻

🔸1–10 BTC: ~0.7 ➖

🔸<1 BTC: ~0.9 🔻