Mid-term (30 days) change characteristics

Small holders (<1 BTC):

Cumulative decrease of 2,867 coins, an expansion of outflow compared to last week (-2,588 coins), the confidence of retail investors in the medium to long term has not yet recovered, but the outflow rate has significantly slowed compared to earlier periods (e.g., 30 days - 5,096 coins).

Medium and low holders (1-10 BTC):

Decrease of 10,039 coins, the largest decline in 30 days, addresses holding 1-10 BTC continue to bleed, possibly related to retail investors' avoidance of the high volatility market.

Medium and high holders (10-100 BTC):

Increase of 25,888 coins, although slightly down from last week (+28,841 coins), they are still the main force in the mid-term, confirming the long-term optimism of the 10-100 BTC group towards the market.

Large and ultra-large holders (100+ BTC):

Large holders (whales) decreased by 5,492 coins, the mid-term reduction trend is consistent with the short-term, possibly influenced by regulatory policies or the macroeconomic environment; ultra-large holders (humpback whales) increased their holdings by 4,929 coins, ending a prior continuous 30-day net outflow and turning into a net inflow, indicating that the strategic layout of ultra-large institutions may have entered a new stage.