Bitcoin is once again trading near its previous all-time high from December 2024. But while the price is back at those levels, the distribution of BTC across wallets has shifted notably — revealing a structural change in who is holding the asset.

🔻 Wallets holding 10–100 BTC have decreased their holdings by over 120,000 BTC (-4.26%).

This cohort, often made up of early retail adopters and small-scale entities, appears to have taken profits or reduced exposure.

🟢 Wallets with 100–1,000 BTC have added +220,000 BTC (+4.81%), reflecting growing confidence or positioning by institutional mid-tier players.

🟢 1,000–10,000 BTC wallets increased their balance by +136,000 BTC (+3.99%), continuing the accumulation trend.

🟢 Wallets with more than 10,000 BTC showed the most aggressive growth, increasing their holdings by +117,000 BTC — a +10.25% rise.

This cohort now holds a larger share of total supply than during the last ATH.

📈 While the price may look the same as in December, the ownership structure is different.

The data suggests that larger entities have strengthened their positions — a sign of maturing conviction and increasing institutional weight behind Bitcoin's current rally.

Written by OnChainSchool

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