Bitcoin market dynamics: Whale accumulation becomes the norm 🐋

In the crypto world, news about Bitcoin whale accumulation is no longer new. CryptoQuant CEO Ki Young Ju pointed out that such information once caused market shocks, but now it has become a regular topic. Retail investors are gradually moving away, and the Bitcoin market is dominated by whale funds.

Currently, Bitcoin is in a bull market, with about $7 billion flowing into the market every week. Although the market may have a correction, analysts believe that the decline in the bull market cycle will not exceed 30%, and even if there is a short-term correction, there is still considerable room for subsequent rebound 📈.

However, the market still has doubts about whether Bitcoin has entered a bubble. Although some people predict the advent of a bear market, analysts remind that they need to pay attention to on-chain data to grasp market dynamics more accurately.