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CryptoQuant CEO Ki-young Ju stated that Bitcoin whales have entered an accumulation phase, which could lead to a price increase in the near term. While Bitcoin (BTC) continued to trade below $90,000 ahead of Christmas, a slight recovery was observed over the past 24 hours. This rebound caught investors’ attention and sparked questions about whether the upward move will continue. Analysts emphasize that whale accumulation, in particular, could play a decisive role in determining price direction in the coming days.
Whale Accumulation Gains Momentum in Bitcoin
In a post shared on X (formerly Twitter), Ki-young Ju noted that based on the average trade size in the spot Bitcoin market, large investors are currently in a buying phase. According to the CEO, this phase is typically followed by price appreciation.
Ju explained that the Bitcoin market generally follows two distinct patterns:
- Retail investors buy → Large investors sell → Price declines.
- Retail investors sell → Large investors buy → Price rises.
Emphasizing that the market is currently in a phase where whales are buying, Ju said:
“On-chain data shows a bearish trend, while off-chain data points to a bullish trend. However, I believe we are currently in a whale accumulation phase, which is why I expect prices to rise.”
Market Expectations and Investor Strategies
While whale activity in Bitcoin can increase short-term volatility, it also carries upside potential in the medium term. Analysts stress that periods of whale accumulation should be closely monitored in the spot market. This is especially important for investors looking to adjust their strategies and identify potential opportunities at the right time.
“Bitcoin whales entering an accumulation phase can be seen as a signal of an upcoming rally. Investors should monitor these movements closely.”
— Ki-young Ju, CEO of CryptoQuant
Assessment
The statements from the CryptoQuant CEO suggest that Bitcoin whale accumulation has begun ahead of Christmas and could signal a price increase. Large spot market purchases may raise short-term volatility, but they also point to upside potential in the medium term. Investors are advised to closely follow whale movements and shape their strategies accordingly.
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