CryptoQuant Founder: Bitcoin Whales Accumulation Has Become the Norm, Bull Market Continues

2024-12-26 17:19:29

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ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that recently, reports about Bitcoin whale accumulation have become a daily topic. Two or three years ago, news of whale accumulation would cause a strong reaction in the market, but now it is no longer a sudden event, but rather routine information. Retail investors are moving away from Bitcoin, and whale funds are dominating the market.

Currently, Bitcoin is in a clear bull market, with on-chain data showing approximately $7 billion in capital flowing into the market each week. Although market corrections may occur, it is difficult to see a decline of more than 30% during a bull market cycle, and even if a short-term pullback happens, the subsequent rebound potential is quite considerable.

At present, there are still many people predicting the arrival of a bear market, who may be overlooking the actual market conditions reflected by on-chain data.

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