Update Heatmap
*Currently $BTC is fluctuating in the 108K$ range, the wallet groups exhibit chaotic behavior.
- Wallet 1–10 #BTC : Continuously distributing (dark red) from mid-May until now. This is a small retail group actively taking profits.
- Wallet 10–100 BTC: Strong accumulation (dark green), indicating buying power from 'small whales', usually medium-sized funds or early whales restructuring their wallets.
- Wallets <1 BTC and >10K BTC: show noise signals, alternating accumulation & distribution, not forming a clear trend.
- Both the 100–1K and 1K–10K BTC groups: mixed signals, reflecting hesitation, not actively buying but also not selling strongly.
*Overall Accumulation Trend Score has strongly recovered from the bottom of 0.25 (around April) to 0.57.
=> This reflects that capital is returning to the market after the correction phase, but consensus has not been reached among the groups.
=> This is not a signal of widespread distribution, but a stage where the market is restructuring capital flows.
=> The 1K-10K wallet groups have actively accumulated from the price range below 100K and still show no strong signs of distribution.
=> The current phase is most similar to Q1/2021: when prices had risen sharply, some small retail groups withdrew, but large capital still actively accumulated.
