Mid-Sized Holders ('Dolphins') Drive Bitcoin Market Demand, According to CryptoQuant Report

2025/10/26 22:01 (Updated 2025/10/27 09:01)
CoinPost
Written by A.Yamada
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Mid-Sized Holders ('Dolphins') Drive Bitcoin Market Demand, According to CryptoQuant Report

Steady Demand from Mid-Sized Holders

On-chain data analytics firm CryptoQuant released its latest weekly Bitcoin (BTC) market report on the 23rd, indicating that the long-term accumulation by mid-sized holders, or 'dolphins', remains robust.

The report suggests that structural demand from ETFs (Exchange-Traded Funds) and corporations has not weakened, implying that the market may not be in the late stages of a bullish cycle, but rather in a mature phase of development.

CryptoQuant defines 'dolphins' as addresses holding between 100 and 1,000 BTC. This group currently holds a significant share of Bitcoin...

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