Crypto analyst Ki Young Ju has commented on recent whale transactions, noting that the crypto community's attitude towards whales accumulating large amounts of Bitcoin has become more indifferent due to their regular purchases losing significance. This change in sentiment reflects the dominance of whales in the market as retail investors stay away from Bitcoin. On-chain data shows that whales are actively buying Bitcoin, with $7 billion entering the market weekly. Ju expects that even if there is a correction, the price of Bitcoin will drop no more than 30% and will quickly recover. He also revealed that major institutional buyers such as spot Bitcoin ETFs, MicroStrategy, and custodial wallets have accumulated around 1.55 million BTC this year. While some transactions remain undisclosed, whales have been using privacy transactions to transfer funds to new institutional investors.



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