Indirizzi con 10-100 BTC

This page counts addresses holding 10-100 BTC — several million to tens of millions of dollars at current prices. It is the most mixed-identity layer of the four: individuals who stacked double-digit coins cheaply in the early years, small funds and family offices, corporate treasuries, and miners' revenue-aggregation addresses. The three standard cohort-chart biases (addresses ≠ people, band migration, custody pollution) are covered in full on the 1-10 BTC overview page and won't be repeated here.

The recurring observation in on-chain analysis: this layer is smarter than the smaller bands and nimbler than the bigger ones. Small cohorts tend to sit tight; whale bands are muddied by custodial wallets; but 10-100 BTC holders have both the motive to manage positions (the sum meaningfully moves personal wealth) and full decision autonomy (unlike custodians holding for others). Historically this band has often been the first to shrink late in bull markets — the perceptive-distribution layer. Within this site's window, its count peaked in September 2023 (accumulation territory, price still under $30K) and has ground lower as the bull progressed — matching the sell-into-strength profile.

The window's notable divergence: as this band thinned, the 100-1,000 BTC band above it expanded sharply — partly promotions (balances growing past 100 BTC), but mostly ETF custody and corporate-treasury building (see that band's page). When reading this cohort, always separate coins leaving from coins moving up: cumulative pages (like >10 BTC) settle the question — if the cumulative count holds steady while this band falls, the coins didn't leave, they relocated.

With counts in the low hundreds of thousands, the band retains solid statistical meaning, but single-entity-many-addresses concentration starts to matter here (a fund splitting across dozens of addresses is routine). Practical use: read quarterly trend slopes and ignore intra-week noise; late in bulls, treat sustained shrinkage here as one corroborating exhibit of distribution, cross-verified against the LTH net position change and Realized Profit pages.

10-100 BTC sits between individual and institutional scale — early miners and small funds. This cohort is more cycle-sensitive than smaller tiers and has often trimmed first in late bull markets.

Alongside on-chain distribution, track derivatives positioning via open interest and long/short ratios.