The tweet was deleted by the author.
But we saved everything 🙂.
Joao Wedson observes that accumulation by large Bitcoin addresses has changed since October 2025. According to Wedson, major holders have been reducing their positions during this period.
Wedson also points out that a declining Gini Coefficient suggests the Bitcoin blockchain is becoming more distributed.
Wedson has previously highlighted the value of tracking exchange reserves, noting that comparing Bitcoin and Ethereum reserves can signal shifts in outperformance between the two assets. He has also cautioned that on-chain analysts have become more influenced by narrative-driven analysis in recent years. These observations suggest Wedson’s recent focus on distribution trends follows ongoing scrutiny of both on-chain data and industry sentiment.