The holdings of whales owning 100–1000 bitcoins remain above their 1-year moving average, indicating that the bull market may not be over yet.
According to Jinse Finance, CryptoQuant data shows that "dolphin" investors holding 100–1000 bitcoins have consistently remained above their one-year moving average and accumulated 681,000 bitcoins in 2025, indicating that the bull market cycle may not be over yet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: CryptoQuant: The Bitcoin bull market cycle is not over yet, with short-term support at $100,000.
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