🚨 #Bitcoin’s Next Move Hangs on Dolphin Holders 🐬

The Dolphin cohort — wallets holding 100 to 1,000 BTC, including ETFs, corporations, and large investors — remains the backbone of Bitcoin’s bullish momentum, according to a new CryptoQuant report.

🔹 Dolphins now control 5.16M BTC (26% of total supply) — the largest share among all cohorts.

🔹 They’ve accumulated 686K BTC in 2025, even as other groups started distributing.

🔹 However, their buying pressure has slowed after recent deleveraging and price dips.

📊 Analysts note:

> “If Dolphins reaccelerate accumulation, Bitcoin could push to new all-time highs. Continued slowdown may deepen the correction.”

Meanwhile, the Liquidity Inventory Ratio has dropped to 8.3 months, signaling tighter liquidity — a setup that could fuel medium-term price gains.

💰 BTC Price: $110,900 (+0.4%)

The next few weeks may decide if the whales and dolphins steer Bitcoin toward a new breakout or a deeper dip.

#BTC #CryptoQuant #Binance #CryptoNews #MarketWatch