📊 Key Changes in Bitcoin Holdings on June 26, 2025
Addresses (sharks, whales) continue to accumulate, while small addresses continue to sell off, potentially leading to decreased market liquidity, with future price fluctuations possibly being more susceptible to manipulation by large capital.
🐳 100+ BTC Giant Whales: +738 BTC (🚀 Two-day buying spree of 3488 BTC)
🦈 10-100 BTC Sharks: -982 BTC (📉 Two consecutive days of selling 2633 BTC)
🐟 1-10 BTC Small Fish: +471 BTC (✨ Strong inflow in a single day)
🦐 <1 BTC Shrimps: -96 BTC
1. Distribution Characteristics of Holdings
Whales dominate the market: Addresses holding 100+ BTC (whales) possess 12.1209 million BTC, accounting for 54.6% of the total data (assuming the total data is the sum of all four), indicating that Bitcoin is highly concentrated in the hands of a few large investors. Small and medium addresses show dispersed holdings: Shrimps (<1 BTC) and small fish (1-10 BTC) together hold 3.4529 million BTC, only accounting for 15.6% of the total data, reflecting that small investors have a relatively small holding scale.
2. Short-term (6 Days) Change Trends
Mainly small addresses selling off: Shrimps and small fish have cumulatively reduced by 882 and 367 BTC respectively over 6 days, with most days showing net outflows (for example, shrimps only increased by 3 BTC on June 24), which may suggest that small retail investors are cashing out or transferring assets. Large addresses increasing their holdings against the trend: Whales and sharks have cumulatively increased by 2717 and 126 BTC respectively over 6 days, especially whales who increased their holdings by 2750 BTC in a single day on June 25, indicating that large capital is absorbing chips at lower prices.
3. Mid to Long-term (30 Days) Trend Comparison
Polarization intensifies: Small addresses have cumulatively outflowed over 10,000 BTC in 30 days (shrimps -1995 BTC, small fish -8178 BTC), while large addresses have cumulatively inflowed over 20,000 BTC (sharks +13,900 BTC, whales +8593 BTC), indicating that market chips are concentrating from retail investors to institutions/large holders. High activity of sharks: Sharks increased their holdings by 13,900 BTC in 30 days, far exceeding the 8593 BTC of whales, possibly reflecting that medium-sized investors are more optimistic about market prospects or are conducting swing trading.
4. Daily Volatility Analysis
Key operations by whales: On June 25, whales increased their holdings by 2750 BTC, while sharks reduced their holdings by 1651 BTC, possibly corresponding to a market event (such as price fluctuations or policy news) leading to arrangements by large capital. Small fish short-term rebound: On June 26, small fish increased their holdings by 471 BTC in a single day, the only positive growth in nearly 6 days, possibly indicating short-term speculative capital entering the market, but overall it still does not change the outflow trend over 30 days.
