Analysis of daily change trends

Sharks (10-100 BTC) increased their holdings by 7,244 coins on June 27, the largest increase in 7 days, which may be related to the bottom-fishing behavior after the market price fell on that day. Overall, sharks continued to increase their holdings from June 25 to 28, and only slightly reduced their holdings on June 26 and 27, showing a strong willingness to buy.

Whales (100+ BTC) reduced their holdings by 6,818 coins on June 27, the largest drop in 7 days, which may be caused by short-term selling leading to price fluctuations. However, they increased their holdings by 2,578 and 2,750 coins on June 26 and 27, respectively, showing that there are differences among large holders, and some are buying on dips.

Shrimp and small fish

The daily changes are relatively scattered, but the overall trend is mainly reduction, especially on June 26 and 27, when Shrimp reduced its holdings by 290 and 251 respectively, and small fish reduced its holdings by 156 and 402, reflecting that small investors are more sensitive to the market.

Market structure changes

Medium holders (sharks) are continuing to increase their holdings, which may indicate that institutions or professional investors are optimistic about Bitcoin in the long term. Large holders (whales) reduce their holdings in the short term but have stable long-term holdings, showing a cautious attitude towards the market. Small investors (shrimp, small fish) continue to outflow, which may be due to panic selling caused by market fluctuations.

Investment strategy implications

The increase in holdings by medium holders may provide support for the market, and the investment value of Bitcoin is still recognized in the long run. The short-term reduction of whales may cause short-term market fluctuations, but the stability of long-term holdings means that the possibility of a sharp drop is low. The outflow of small investors may exacerbate short-term market fluctuations, and investors need to pay attention to changes in market sentiment.

Risk Warning

The data only reflects the changes in the holdings of the on-chain addresses, and does not represent actual trading behavior. There may be address splits or mergers. Market prices are affected by many factors, such as macroeconomics, policies and regulations, market sentiment, etc. Investors need to make decisions carefully.