According to TechFlow, on December 26, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that the narrative about the continued accumulation of Bitcoin by large investors has become so common that it is now a daily topic of conversation. Two or three years ago, news of whale accumulation would cause a violent reaction in the market, but today, this is no longer major news, but routine information that people expect. Retail investors are moving away from Bitcoin, allowing large investors to dominate the market. And it seems that most people are aware of this dynamic.
We are currently in a clear bull market, with on-chain data showing that about $7 billion of capital flows into the market every week. Although market corrections may occur, it is difficult for a drop of more than 30% to occur in this bull market cycle. Even if such a drop occurs, it may be short-lived, and prices may rise by more than 30% after the correction.
In addition, Ki Young Ju stated that the peak of this Bitcoin cycle is still far off, and he believes that those predicting the start of a bear market are not paying attention to on-chain data.
