Whales holding >10K BTC briefly hit a perfect accumulation score (~1.0) at the turn of the month, reflecting intense 15-day buying. The score has since eased to ~0.65, still signaling steady accumulation. Meanwhile, cohorts from <1 BTC up to 100 BTC have intensified their distribution, all trending toward 0.1–0.2. A clear and widening divergence between small and large holders.