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Looking at the latest on-chain data statistics, the distribution of Bitcoin holdings is quite interesting. The Satoshi wallet still holds 968,000 BTC, accounting for about 4.6% of the total supply, continuing to sit firmly in the first place. Behind it is Strategy, holding 672,000 BTC. Speaking of national-level holdings, the US government account shows approximately 328,000 BTC. These numbers reflect the distribution of power in the market—every move by major holders can influence the overall market rhythm. For traders, understanding these holding structures can help you better grasp the long-term trend of Bitcoin.