The Current Scene in Bitcoin

So, here we are, folks! The Bitcoin rollercoaster took a nosedive on October 10, 2025, leaving many crypto enthusiasts clutching their pearls. While Bitcoin is trying to pick itself up and brush off the dust, there’s some grumbling in the air that the bear season has just rolled into town. And guess what? BTC is currently sulking below its opening price for 2025!

Dive into the Dolphin Drama

Now, talking about the big fish and the little ones in the crypto sea, let’s chat about the Dolphins. No, not the aquatic ones, but those clever investors who hold between 100 to 1,000 Bitcoin. They’re the middlemen, sandwiched right between the small fry (shrimps) and the hefty whales. So what’s the buzz? Well, our pal Julio Moreno from CryptoQuant just dropped some juicy news on X (formerly known as Twitter). He suggests that these Dolphins might be hinting at the start of a bear market!

Hoarders Beware!

According to CryptoQuant, the number of Bitcoin hoarded by these Dolphins has hit a snag this past year, making a swift turn downward. Moreno is waving the red flag, claiming this slump signifies the arrival of a Bitcoin bear market. Yikes!

The Numbers Game

Once upon a time, these Dolphin wallets ballooned by a whopping 965,000 BTC when Bitcoin was strutting its stuff at around $125,000. But fast forward to today, and they’re sitting with about 694,000 coins, feeling significantly lighter. Bummer, right?

ETFs and Treasury in Trouble?

Here’s the kicker—these Dolphin addresses include some hefty players like ETFs and Treasury firms that have also hit the brakes on buying Bitcoin. Recent trends are revealing that U.S.-based Bitcoin exchange-traded funds have faced net inflows in five out of the last six weeks. Spoiler alert: It’s not good news!

The Struggle is Real

Meanwhile, crypto treasury companies are in a bit of a pickle. With retail investors losing piles of dough to the wild hype, these treasury sell-offs are hard to find. But the decrease in the Dolphins’ holdings tells a story filled with panic and drama.

Bitcoin Blue—Where Are We Now?

As we speak, BTC is hanging out around $89,151, showing a sad decline of over 3% in the last 24 hours. What a ride!