On June 27, 2025, the Bitcoin holding data showed significant changes, reflecting a shift in the behavior of market participants.

Large holders (those with over 100 Bitcoins) have increased their holdings by 13 Bitcoins in the past 24 hours, continuing the recent trend of accumulation. Notably, these big players have accumulated a total of 4,255 Bitcoins over the past 6 days, averaging an increase of 709 Bitcoins per day. Their total holdings have reached 12,122,722 Bitcoins, setting a new historical high.

The behavior of medium-sized holders (those with 10 to 100 Bitcoins) has undergone significant changes. After experiencing a previous sell-off, they net bought 70 Bitcoins on the same day, which could indicate a shift in the investment strategies of this group. Nevertheless, over a longer time span, these investors have still net increased their holdings by 14,684 Bitcoins in the past 30 days.

Meanwhile, small holders (owning 1 to 10 Bitcoins) and ultra-small holders (owning less than 1 Bitcoin) continue to reduce their positions. Small holders reduced their holdings by 37 Bitcoins on the day, while ultra-small holders decreased by 27. This continues their recent selling trend, with small holders having reduced a total of 936 Bitcoins over the past 4 days, and ultra-small holders having reduced 666 Bitcoins over the past 6 days.

These data reveal significant discrepancies between different scales of participants in the Bitcoin market. Large holders seem to remain optimistic about the long-term prospects of Bitcoin, continuously increasing their holdings. In contrast, small investors may be influenced by short-term market fluctuations and choose to reduce their risk exposure.

The changes in this position structure may have far-reaching effects on future market dynamics. The concentration of large holders may increase market stability, but it may also raise concerns about the degree of decentralization. Meanwhile, the continued exit of small investors may impact market liquidity and participation.

Overall, this data reflects that the Bitcoin market is undergoing an important transformation period, with investors of different sizes reassessing their strategies and risk preferences.