In brief
- Medium-sized Bitcoin holders, or “dolphins,” have continued accumulating even after the $19 billion liquidation earlier this month, helping preserve the bull-market structure, CryptoQuant said.
- The group’s annual holdings growth of 907,000 BTC hints at long-term strength, though a dip below the 30-day moving average points to fading short-term demand.
- Altcoins are showing renewed risk appetite, with trading-volume dominance rising to 46% as Bitcoin and Ethereum volumes ease.
Bitcoin and the broader crypto market have ticked up despite macro headwinds, with data suggesting a shift in market dynamics as large bag holders hold firm despite the wipeout in leveraged positions earlier this month.
The “dolphin” cohort has continued Bitcoin accumulation even after the Black Friday event that liquidated $19 billion from the markets, keeping the bull run’s long-term structure intact, according to a CryptoQuant report on Thursday.
The trading and market analysis firm defines a dolphin as an entity holding between 100 BTC and 1,000 BTC. That differs from whales, which hold amounts above that upper range.
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Author: Akash Girimath
