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Coindoo

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100-1,000 BTC Wallets Accumulate Amidst Widespread Selling

  • Bitcoin's on-chain data reveals accumulation by the Dolphin cohort (100-1,000 BTC wallets) amidst widespread selling.
  • The Dolphin cohort, potentially comprising companies and experienced holders, has been strategically increasing their Bitcoin positions.
  • Larger holders with over 1,000 BTC, known as 'whales,' have been reducing balances since mid-2024, raising questions about their motives or exchange activity dominance.
  • The trend indicates a notable rise in BTC balance held by 100–1,000 BTC addresses, highlighting strategic positioning in the market by a significant segment.

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