ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X that combining on-chain and off-chain data, the current total Store of Value of the Bitcoin network has reached $1.03 trillion, an increase of 85% this year. From the SoV index trend chart he shared, it can be seen that this indicator shows a significant upward trend by the end of 2024, reaching a historical high.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on platform X that the Korean won to US dollar exchange rate has fallen to its lowest point in 15 years, and Koreans are exchanging won for BTC and USDT on Upbit at a premium of 3-5%.

ChainCatcher news, CryptoQuant analyst Yonsei_dent stated that the Spent Output Age Bands (SOAB) metric provides insights into Bitcoin consumption (i.e., selling) categorized by the holding period of investors. In the Bitcoin bull market of November and December 2024, long-term holders (LTHs) realized significant potential profits, indicating that some investors sold a portion of their held Bitcoin to lock in gains.Investors with a holding period of 6 to 12 months were the most active in selling Bitcoin. These investors primarily purchased Bitcoin during the launch of the Bitcoin spot ETF in early 2024. The selling activity from this group may have exerted downward pressure on Bitcoin prices. However, strong demand still kept Bitcoin within the range of $90,000 to $100,000.Investors holding Bitcoin for over a year sold very little Bitcoin during this period.

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.

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated, "Whales are accumulating Bitcoin through privacy transactions. The annual number of CoinJoin transactions has tripled over the past two years. While some attribute this surge to hackers laundering money, Chainalysis reports that this year's total hacker losses amount to $2.2 billion, which is less than 0.5% of the $377 billion in Bitcoin realized market inflows.In 2024, 1.55 million BTC flowed into accumulation addresses, mainly related to ETFs, MicroStrategy, and custodial wallets. Whales often transfer funds to emerging institutional investors through privacy transactions. Aside from the disclosed holdings, approximately 240,000 to 420,000 BTC remain with unidentified accumulators. Who are these whales?"

ChainCatcher news, CryptoQuant analyst Joo Hyun Ryu stated, "The 'kimchi premium' has reached a local high of 5.12, indicating that the demand for Bitcoin among Korean investors is very strong."Ryu explained, "However, this sharp market correction seems to be attracting new investors, as data shows that the proportion of short-term holders (STH, holding period of less than three months) has increased by 3 percentage points in just one week."

ChainCatcher news, the on-chain data analysis platform CryptoQuant's latest report shows that as of December 23, Bitcoin accumulation addresses have net increased by 225,280 BTC this month, a month-on-month growth of 82.6%. During the same period, total seller liquidity (the number of Bitcoins available for sale on exchanges and ETFs) decreased by approximately 590,000, with a sharp decline of 520,000 during the period from December 22 to 23.Over-the-counter (OTC) supply fell from 421,000 to 403,000, and the liquidity inventory ratio dropped from 12 months to 5.5 months. Notably, whale addresses holding over 1,000 BTC reduced their holdings by nearly 8,600 BTC this month, while short-term holders have reached a total of 3.81 million, just 70,000 shy of the historical peak.

ChainCatcher message, CryptoQuant analyst onatt stated: "Recent data shows that a large amount of USDT has flowed out of exchanges, while Bitcoin has seen an inflow of over 15,000 coins. Despite the recent significant price drop, the spot market still faces ongoing selling pressure."

ChainCatcher news, CryptoQuant founder Ki Young Ju stated that the United States may strategically accumulate Bitcoin (BTC) to address part of its debt issues.Young Ju believes that establishing a Strategic Bitcoin Reserve (SBR) to offset part of the U.S. debt is feasible. Considering that U.S. debt includes both domestic and foreign holdings, Young Ju suggested that the U.S. could acquire approximately 1 million Bitcoins. This amount of strategic accumulation should span from now until 2050.He explained that this money could be used to offset 36% of its domestic debt. This means that 70% of U.S. debt could be paid off.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that MicroStrategy has become another "dollar-bitcoin gateway," but designed innovatively enough to frustrate those who find it difficult to grasp. This high-performance gateway has now successfully processed $27 billion into 439,000 BTC.

ChainCatcher news, on-chain data analysis agency CryptoQuant published an analysis of CEX leverage risks in the bull market. Despite a significant increase in open interest this year, Binance still maintains a strong reserve among major exchanges, with its Bitcoin, Ethereum, and USDT reserves far exceeding its open interest.Binance also reported the lowest and most stable leverage ratio among major exchanges, with a leverage ratio of 12.8 in December 2023, slightly rising to 13.5 in December 2024. Additionally, Bitcoin's open interest expanded by 2.6 times (from $4.45 billion to $11.64 billion), highlighting Binance's ability to cope with market volatility and chain liquidations. Furthermore, OKX also maintained a low leverage ratio.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that if a consensus is reached on the status of Bitcoin, it is entirely possible to use Bitcoin to repay U.S. debt. The only risk is that old whales might sell Bitcoin to attack the U.S.; however, if the U.S. government continues to accumulate Bitcoin until 2050 and its price keeps rising, one might doubt whether the old whales would really sell it.

ChainCatcher message, based on the discussion by community analyst Maartunn comparing altcoins based on monthly Binance futures trading volume. The analyst stated that although XRP has collapsed along with other parts of the cryptocurrency market, he believes that this asset may be the one that can recover the quickest. XRP's trading volume on exchanges has reached $116.6 billion. This number is certainly going to be higher, as there is still a third of December left to go.

ChainCatcher news, CryptoQuant CEO Ki Young Ju pointed out that Bitcoin's market share previously experienced a 6% drop (with XRP contributing 3%), but it has started to recover. Currently, only a few altcoins are attracting new liquidity, and the scale of funds rotating from Bitcoin to altcoins is limited. Ki Young Ju believes that this is not a traditional altcoin season, but rather an independent market for a few outstanding tokens.

ChainCatcher message, CryptoQuant CEO Ki Young Ju posted on social media: "The Korean won and other domestic assets are completely unattractive. The government is unaware of this and is merely forcing price maintenance, which has led to a surge in the exchange rate. The USDT traded on Upbit has already reached an IMF crisis-level exchange rate.I personally believe that there is a massive outflow of national wealth occurring. Many wealthy individuals I know are leaving South Korea. The outflow of national wealth is just a reflection of the country's cognitive ability, isn't it?" He further pointed out: "The government should not forcibly retain capital fleeing overseas, but rather think about how to encourage capital to return voluntarily.We need to cultivate industries, provide incentives for investors, and open up business opportunities. I hope to stop these unnecessary regulations. Due to my limited understanding of domestic politics, I don't know who can make such changes. As a Korean company, I have persisted for 7 years, but now I am also considering whether I should leave South Korea. It is truly frustrating."

ChainCatcher news, CryptoQuant CEO Ki Young Ju pointed out that Korean crypto whales are accumulating USDT on a large scale. The USDT/KRW trading pair on Upbit exchange has a premium of about 3% compared to the official exchange rate, with the USDT price reaching 1,559 won. This unofficial exchange rate level is close to the period of the 1998 IMF crisis, setting a new high in 26 years.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on X, stating that the debate over Bitcoin's strategic reserves has evolved into a dilemma:Supporters argue: As the dominance of the dollar weakens, Bitcoin will become an inevitable alternative and should be adopted early.Opponents worry: Bitcoin threatens the dollar's hegemonic status and should not disrupt the status quo.

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted that the KRW to USD exchange rate is about to hit a 15-year high. He reviewed the history of South Korea overcoming the crisis during the 1998 IMF bailout by mobilizing gold from the public and stated that South Korea may currently need to launch a "digital gold mobilization campaign." Ki Young Ju emphasized that South Korea is the country that most needs to establish a Bitcoin strategic reserve.

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the probability of MicroStrategy going bankrupt is extremely low. For 15 years, Bitcoin has never fallen below the cost basis of long-term holders, which is currently around $30,000. MicroStrategy's debt is $7 billion, while the value of its Bitcoin holdings is $46 billion. Based solely on its Bitcoin holdings, its liquidation price is $16,500.

ChainCatcher news, according to Morningstar, based on calculations by CryptoQuant analysts, if the current supply and demand dynamics of Ethereum persist, this cryptocurrency could reach an all-time high of over $5000 next year.Meanwhile, CryptoQuant analysts wrote in a recent report that although the total supply of Ethereum is at its highest level since April 2023, the number of Ethereum destroyed through transaction fees has been on the rise since September, indicating that the supply growth of this cryptocurrency has been slowing down.