According to external sources, the holding structures on the Bitcoin chain were not synchronized as the agency continued to release the signal. Multi-group address data show that the dispersed households are still cautious, while some large currency holders have begun to reduce their silos following recent increases, which has created a crack in the optimism of the current one.
It's expected to keep up.
In the recent past, there have been a number of lopsided signals in the market. Robinhood mentioned that more countries might follow the example of the United States in setting up strategic reserves in the future; Standard Chartered Bank reaffirmed the Bitcoin target of $500,000; and Zhao Chang Peng and Arthur Hayes also continued to express their views. At the same time, Strategy launched a $1.6 billion financing scheme, further reinforcing the market ' s expectation that it would continue to buy bitcoin.
It was also reported that Strive allegedly held more than 1100 BTCs in an additional US$ 8 million, leaving it holding more than 21,000. Many institutions continue to build up, superseding more radical price forecasts, further warming the market view.
Separated from intermediate holding address
However, the chain address balance data do not indicate that all groups are following up. There are 0.001 to 1 small BTC addresses, and the hold has been declining since late July, with no apparent recovery in August. Holds 1 to 100 BTC addresses, which have also been distributed since mid-July.
By contrast, 100 to 1,000 BTC addresses continued to fall behind between May and early July, with a shift towards increased capacity in the near future. Between 1000 and 10,000 BTC addresses, which were once sold in early August, also show signs of accumulation.
10,000 to 100,000 BTC addresses reduced.
More attention is paid to changes in the largest silo population. Holds 10,000 to 100,000 BTC addresses, increasing from mid-June until the current round rises, but its holder dropped significantly by 24 August after meeting at the top near August 21.
According to the article, this indicates that some of the whales are being released to the market when the market is seen to be the strongest. If the medium holding address is mainly taking over this part of the sale, and there is no large-scale entry of the scattered, the current increase is more like a liquidity shift, and does not necessarily mean that the situation has entered a smoother new breakthrough.
Bitcoin prices are still likely to continue when the purchase is strong enough, but the current optimism may soon be tested if the largest holding group continues to decline. For the market, what is of real concern is not just how high the target is, but who continues to buy at the top and who sells it quietly.