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, 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, while the Top 10 alone accounts for 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.