Bitcoin Dolphins Are Dominating With Rapid Buying, How Much Have They Bought And Hold?

The latest Bitcoin on-chain data reveals a notable development among mid-tier investors known as Dolphins (wallets holding between 100 and 1,000 BTC). These entities, which are seen as the balance between retail traders and institutional whales, have quietly become the most dominant cohort in ￰0￱ accumulation trend, which started earlier this year, has now reached levels not seen in Bitcoin’s history, and on-chain data shows the sheer amount of confidence in the long-term trajectory of the world’s largest ￰1￱ Take Control Of The Market According to Santiment’s on-chain data, Bitcoin Dolphins now hold around 5.16 million BTC, representing about 26% of the total circulating ￰2￱ share is larger than that of both smaller retail holders (Shrimps and Crabs) and large-scale investors (Whales and Humpbacks).

The steady rise in their holdings since early 2025 points to deliberate and sustained accumulation during periods of market ￰3￱ chart below clearly illustrates this behavior, showing a smooth upward trend in Dolphin balances from late April through October ￰4￱ brief pause in the curve is highlighted accumulation during minor corrections, meaning that these holders have been taking advantage of price pullbacks to strengthen their ￰5￱ slow but consistent buildup indicates growing conviction rather than speculative trading ￰6￱ Holdings Of Bitcoin Dolphin Addresses.