The number of addresses holding more than 10 BTC has risen rapidly in recent days. However, addresses with over 10K BTC have been decreasing rapidly.

This could indicate several things:

1. Addresses holding more than 10 BTC often represent institutional players, sharks, miners, and others.

2. On the other hand, addresses with over 10K BTC are mostly owned by exchanges, funds, whales, and long-term investors (Long-Term Holders).

Other possibilities may exist, but generally, major exchanges hold the largest BTC addresses in terms of quantity.

Thus, there has been evident institutional interest recently, and sharks have been more active as BTC approached the $100K price level. This activity caused many BTC to migrate from the largest addresses to smaller ones, such as those holding 10 BTC or more.

These metrics spark curiosity about what’s happening behind the scenes on the blockchain and help us understand the dynamics between these large addresses.

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