ChainCatcher Message, CryptoQuant CEO Ki Young Ju reveals that whales are quietly accumulating Bitcoin through privacy transactions 🐋. Over the past two years, the annual number of CoinJoin transactions has tripled, although there are opinions suggesting this is related to hacker money laundering, Chainalysis reports that hacker losses this year account for less than 0.5% of the inflow of realized market value for Bitcoin.

In 2024, 1.55 million BTC flowed into accumulation addresses, mainly related to ETFs, MicroStrategy, and custodial wallets 📈. Whales are transferring funds to emerging institutional investors through privacy transactions; however, the identities of approximately 240,000 to 420,000 BTC accumulators remain a mystery. Who are they? 🤔