CryptoQuant Founder: New Mega Whales Are Accumulating Bitcoin at an Unprecedented Rate

ChainCatcher news, CryptoQuant founder Ki Young Ju posted on social media that the current market volatility is just a game in the futures market. Real whales drive BTC up through spot trading and the OTC market. Therefore, on-chain data is crucial; diamond-handed whales have not received particularly high returns, and whales that entered the recent bull market have gained almost no profits. They are unlikely to sell on trading platforms before retail investors' liquidity starts to flow in.

In addition, new whale addresses are hoarding BTC at an almost frantic pace, and the BTC market has never seen such accumulation behavior. Some believe that the new whales are primarily due to ETF inflows, but recent accumulation behavior suggests that these new whale addresses have almost no correlation with ETFs.