Recently, the dynamics of the Bitcoin market have attracted widespread attention. CryptoQuant CEO Ki Young Ju pointed out that the accumulation of Bitcoin whales has become regular information and no longer causes market shocks. On-chain data shows that about $7 billion of capital inflows per week indicate that Bitcoin is in a bull market. Although the market may face a correction, analysts believe that the decline in the bull market cycle is unlikely to exceed 30%, and there is considerable room for rebound after a short-term correction.

At the same time, the market remains vigilant about whether Bitcoin has entered a bubble. Despite the bear market forecast, analysts remind that on-chain data should be taken seriously because it reveals the real trend of the market. The reduction of retail investors and the dominance of whale funds have become important features of the current market.