On-chain address analysis (February 14):
1. Binance exchange holdings, 30.7%; other CEX holdings accounted for 15.9%; exchange holdings totaled 46.6%, an increase of 4% from February 7
2. Among the top 100 early large household addresses, 30 addresses have not changed, accounting for 8.9% of positions; 39 addresses have changed; among the top 200 early large household addresses, 65 addresses have not changed, accounting for 12.1% of positions, and 49 addresses have changed;
3. The above 49 changed early address positions are all grouped into the 2nd (bc1qm64dsdz853ntzwleqsrdt5p53w75zfrtnmyzcx) and 4th (bc1q97ctqygjgj0ljxgge4q735ujxvlad8smass7f0axc6x3ggffr8xqwn69hc) addresses. This The total holdings of the two addresses are 18.5%;
4. The current holdings of the top 200 on the chain account for 81.8%, and the current holdings of the top 300 account for 83.6%; the chips are further concentrated in the top 300 addresses;
Summary: Among the top 200 addresses of #sats, the early addresses can be regarded as the main chips, and the top 200 untouched addresses (including the 2nd and 4th holding addresses), totaling 30.6%, are the key tracking targets. Recently, the chips on the chain have changed significantly. Many early chips have been collected at the 2nd and 4th addresses. It is speculated that it may be related to unisat and needs to be followed closely. The changing trend is shown in the attached figure.
