Take a look at my position distribution, welcome to follow!

Small and medium-sized investors (holding 1-1,000 BTC)

- Proportion: Approximately holding 30%-35% of BTC, including retail investors, small trading teams, community funds, etc.

- Behavioral characteristics: Positions are dispersed, trading activity is relatively high, and they are greatly influenced by short-term market conditions. Recently, the leverage ratio in the derivatives market is low, indicating that small and medium-sized investors are cautious, with some choosing to take profits around the $100,000 mark.

- Impact: Main participants in short-term price fluctuations; if the market experiences panic selling, it may trigger a chain reaction.