Interestingly, Bitcoin holders can be categorized by holding size into groups such as whales (addresses holding large amounts of BTC), mid-sized investors, and small-scale holders. Data shows that the number of whale addresses tends to slightly decrease at historical price peaks, as some large holders choose to take profits. On the other hand, small-scale holders demonstrate stronger holding intentions, especially during market corrections when they tend to accumulate at lower prices.

This dynamic reflects the diverse structure of the Bitcoin market. While large holders significantly influence short-term price movements, the continuous entry of small-scale investors provides a stronger foundational support. The interaction between these groups collectively drives the maturation of the Bitcoin market.