CryptoQuant Founder: Bitcoin whale accumulation has become the norm, bull market still continues
On December 26, Ki Young Ju, the founder and CEO of CryptoQuant, posted on platform X that recent 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 an unexpected event but regular information. Retail investors are moving away from Bitcoin as whale funds dominate the market.
Bitcoin is currently in a clear bull market with on-chain data showing approximately $7 billion capital inflow into the market each week. Although market corrections may occur, it's hard to see more than a 30% drop during a bull cycle and even if there are short-term pullbacks, subsequent rebounds can be quite substantial.
At present, many people still predict the arrival of a bear market; they might overlook what on-chain data actually reflects about current market conditions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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