#sats on-chain address analysis (January 9):

1. Binance exchange holdings, 29.05%; OKEX/GATE and other CEX holdings accounted for 8.94%; exchange holdings totaled 37.99%, an increase of 0.4%

2. Among the top 100 early mint addresses, 74 addresses have not moved, accounting for 26.07% of the positions, no change.

3. Among the top 200 early mint addresses, 129 addresses have not moved, accounting for 31.14% of the positions, which is basically unchanged.

4. After excluding CEX from the chain, the top 200 current positions account for 34.41%, and the current top 300 account for 38.01%; plus CEX, the total total holdings are 76%.

Summary: Among the top 200#satsaddresses, the early mint addresses can be regarded as the main bargaining chip and should be focused on tracking. The average holding amount of the first 74 untouched addresses is US$3.57 million. The early profit-making chips are stable. The total chips in the exchange account for 37.99%, which is 6.85% more than the main chip holdings on the chain. The changing trend is shown in the attached figure: