According to a report from CoinWorld, Ki Young Ju, the founder and CEO of CryptoQuant, stated on the X platform that recently, reports about Bitcoin whales accumulating have become a daily topic. Two or three years ago, news about whale accumulation would cause a significant 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 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 occurs, the subsequent rebound potential is quite substantial. It is worth noting that although news about whale accumulation no longer elicits a strong reaction, whether Bitcoin has entered a bubble remains a focal point of market attention. Currently, there are still many predicting the arrival of a bear market, but analysts emphasize that they might be overlooking the actual market conditions reflected in on-chain data.

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