Golden Finance reports that CryptoQuant data shows that “dolphin” investors holding 100–1000 Bitcoins have continuously maintained above their one-year moving average, and increased their holdings by 681,000 Bitcoins in 2025, indicating that the bull run cycle may not be over yet.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Whales holding 100–1000 Bitcoins have open interest continuously above their 1-year MA, indicating that the bull run may not be over.
Golden Finance reports that CryptoQuant data shows that “dolphin” investors holding 100–1000 Bitcoins have continuously maintained above their one-year moving average, and increased their holdings by 681,000 Bitcoins in 2025, indicating that the bull run cycle may not be over yet.