TechFlow news — On December 26, Ki Young Ju, founder and CEO of CryptoQuant, posted on X stating that the narrative around large Bitcoin holders continuously accumulating has become so widespread that it's now part of everyday conversation. A few years ago, news of whale accumulation would trigger strong market reactions, but today it's no longer major news—it's an expected, routine update. Retail investors are stepping away from Bitcoin, leaving whales to dominate the market, and it seems most people have recognized this dynamic.
We are currently 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, it is difficult to see a decline exceeding 30% during this bull cycle. Even if such a drop were to happen, it would likely be short-lived, followed by a rebound potentially surpassing 30%.
Additionally, Ki Young Ju stated that the peak of this Bitcoin cycle is still far off, and those predicting the start of a bear market are not paying attention to on-chain data.
