Definition ∞ A mid size holder, in the context of digital assets, refers to an investor who possesses a substantial, but not dominant, quantity of a particular cryptocurrency. These holders typically command more capital than retail investors but less than large institutions or whales. Their collective activity can significantly influence market dynamics. They often represent a crucial segment of the asset’s ownership distribution.
Context ∞ On-chain analysis frequently tracks the behavior of mid size holders to identify trends in accumulation or distribution that might precede larger market movements. News reports may discuss shifts in their holdings as an indicator of broader market sentiment or conviction. Observing this cohort helps in understanding the market’s underlying strength or weakness.