Changes in Bitcoin Holdings on June 22, 2025
🐳 100+ BTC Whales: -536 BTC
🦈 10-100 BTC Sharks: +1056 BTC
🐟 1-10 BTC Small Fish: -205 BTC
🦐 <1 BTC Shrimps: -151 BTC
Analysis of Bitcoin On-Chain Address Holding Distribution Changes (June 20 - 22, 2025)
1. Short-term (4 days) Trend Analysis
Small holders (Shrimps / Small Fish) continue to reduce holdings
<1 BTC addresses: reduced by a total of 268 over 4 days, 833 over 30 days, indicating that small investors may be taking profits or exiting. 1-10 BTC addresses: reduced by 257 over 4 days, and over 10,000 over 30 days, with a larger scale of reduction, possibly more sensitive to market fluctuations.
Medium holders (Sharks) see narrowed fluctuations
Initially increased then decreased over 4 days, ultimately reducing by only 49, while increasing by 16,900 over 30 days, indicating that 10-100 BTC holders are more tolerant of short-term fluctuations and are still accumulating in the long term.
Large holders (Whales) significantly increase holdings
Accumulated an increase of 1651 over 4 days, with a single-day increase of 1912 on June 20, marking a recent key accumulation point. Increased by 6856 over 30 days, indicating that large funds are optimistic about the long-term market.
2. Long-term (30 days) Trend Comparison
Polarization is evident:
Small addresses (Shrimps / Small Fish) have a total reduction of over 11,000 over 30 days, while large addresses (Sharks / Whales) have a total increase of over 23,800, significantly indicating a concentration of funds at the top.
Whales dominate the market: 100+ BTC addresses account for 72% of the total increase over 30 days (6856/9551), indicating that institutions or high-net-worth investors are accelerating their positions.
3. Key Conclusions and Market Signals
Main fund movements: The accumulation behavior of Whales and Sharks may reflect institutional recognition of the long-term value of BTC, while the reduction by small investors may be driven by short-term sentiment.
Price support logic: Continuous accumulation by large addresses may reduce market circulation, creating price support, but further validation is needed in conjunction with trading volume and market sentiment.
Risk Warning: If small investors continue to exit and large accumulation slows, it may trigger short-term selling pressure; conversely, if Whales continue to accumulate, it may push prices to break through key resistance levels.
As of June 22, 2025, market dynamics need to be tracked in real-time for subsequent data updates.
It is recommended to comprehensively judge market trends in conjunction with on-chain transfer activity, changes in exchange holdings, and other indicators.
