Bitcoin holder dynamics in 2025 showed retail investors accumulating steadily, with wallets holding under 0.1 BTC rising 3.3% since July, while larger holders added just 0.36%. Capital shifted to stablecoins and off exchanges, muting price action despite strong supply absorption. Retail accumulation surged: Wallets with less than 0.1 BTC grew by 3.3% since July 2025. [...]