Check out my holdings distribution, feel free to follow!
Small holders (holding <1 BTC)
- Proportion: About 30%-35% of BTC, with over 10 million addresses, mainly individual retail investors.
- Behavioral Characteristics: Mostly invest through exchanges with dollar-cost averaging or small purchases; holding costs vary widely, with some early holders having costs below $10,000, while recent entrants have costs concentrated around $100,000 to $105,000.
- Impact: Retail holdings are dispersed, overall control over the market is weak, but emotional resonance may amplify short-term fluctuations (for example, when the price falls below $100,000, small holders may panic sell).
