[Investors holding 100–1000 BTC maintain positions above the one-year moving average, suggesting the bull market may still be ongoing] CryptoQuant data shows that the group of medium-sized investors holding 100–1000 BTC has consistently maintained their total holdings above the moving average of the past year. As of 2025, these investors have accumulated an additional 681,000 BTC. This trend indicates strong market confidence in Bitcoin, suggesting that the current bull market cycle may not yet be over.