The differences in address behaviors at different levels are noticeable:

Addresses at the shrimp and small fish levels (small investors with less holding) have shown a net outflow of Bitcoin over the past 6 days and 30 days, possibly because small investors choose to sell for profit or reduce their holdings during market fluctuations. Although addresses at the shark level have slightly decreased over the past 6 days, they have experienced a net increase over 30 days, indicating a potential short-term position adjustment, but they remain optimistic about Bitcoin in the long term. Whale-level addresses (large investors) have significantly increased their Bitcoin holdings both in the past 6 days and 30 days, demonstrating the confidence and willingness of large investors to invest in Bitcoin for the long term.

The impact of market fluctuations on different investors:

From a daily change perspective, all address levels have experienced varying degrees of volatility, especially at the shark level, where daily increases and decreases are significant, indicating that medium-sized investors are relatively active in trading and are greatly influenced by market sentiment. Conversely, whale-level addresses have mostly been increasing their holdings, with only a small decrease on 2025-06-24, showing that their investment behavior is relatively stable, with a greater focus on long-term trends.

The relationship between long-term trends and short-term fluctuations:

The shark level has accumulated an increase over 30 days but a decrease over 6 days, indicating that short-term market fluctuations may lead to temporary changes in the positions of medium-sized investors, but in the long term, they are still accumulating Bitcoin. This also reminds investors that when analyzing the market, they should not only look at short-term data but should also consider long-term trends to judge the true direction of the market.