According to ChainCatcher, Ki Young Ju, founder and CEO of CryptoQuant, stated on the X platform that recently, reports about Bitcoin whale accumulation have become a daily topic. Two to three years ago, such news would have stirred the market, but now it is no longer a sudden event, but rather routine information. Analysts point out that 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 in capital flowing into the market each week. Although market corrections may occur, analysts believe that 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 considerable.
It is noteworthy that although news of whale accumulation no longer causes a significant reaction, whether Bitcoin has entered a bubble remains a focal point of market attention. Many people still predict the arrival of a bear market, but analysts emphasize that they may overlook the actual market conditions reflected by on-chain data.
