Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
Entities are key players in the BTC accumulation wave that occurred at the end of last year, creating an asymmetric market dynamic between institutional and retail investors. According to Foresight News reports, BTC supply accumulation is dominated by large holders who aggressively bought at low price levels, while retail investors are massively exiting their positions.
On-chain data shows that ownership concentration continues to increase, with the Top 100 addresses holding 15.14% of the total supply, and the Top 10 alone reaching 5.91%. This phenomenon occurs due to two main factors: exchange wallet restructuring that moves assets to individual addresses, and measured buying strategies by large entities that capitalize on market volatility. Meanwhile, small holders face liquidation pressure, creating a supply ready to be accumulated by major players in the BTC ecosystem.
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