According to CryptoQuant data, large Bitcoin holders have increased their holdings by about 43000 bitcoins worth approximately $2.75 billion in the past 60 days. Excluding exchanges and mining pool wallets, this group has ended months of net selling after increasing their holdings. After Bitcoin fell to about $60000, large holders resumed buying, and then Bitcoin rebounded to about $65000, mainly trading in the range of $62000 to $65000 in recent weeks. During the same period, the balance of "dolphin" holders defined by CryptoQuant increased, and the spot trading volume in August fell to the lowest monthly level since August 2021.
