In the past month, the distribution of BTC holdings shows that investors with more than 10 Bitcoins have been consistently buying $BTC regardless of price trends, especially increasing their purchases when the price of BTC drops.

On the other hand, small-scale investors holding less than 10 Bitcoins are more affected by price changes. Although they attempt to buy at the bottom, they often choose to panic sell when prices drop significantly, leading to BTC flowing towards high-net-worth investors.

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