Changes in high-net-worth investors and small-scale investors over the past week. The data clearly shows that high-net-worth investors holding more than 10 BTC have continued to increase their positions over the past week.

In particular, we see a decline in exchange reserves, indicating that high-net-worth investors are likely not on exchanges but are real investors. In contrast, small-scale investors holding less than 10 BTC have maintained their positions before the price of $BTC dropped below $95,000, but after it fell below $95,000, there were signs of them exiting, indicating that retail investors are more sensitive to changes in the price of BTC.

By analyzing the distribution of long-term holders and BTC holdings data, we can still conclude that more BTC is being transferred to long-term and high-net-worth investors this week.

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