According to CryptoQuant Analysts, Whales Have Doubled Their BTC Holdings Recently! Here Are the Details
CryptoQuant analyst GugaOnChain announced in his latest report that large investors (whales) have recently doubled their Bitcoin holdings and that this move has played a decisive role in keeping the Bitcoin price above $100,000.
CryptoQuant: Bitcoin Whales Double Their Holdings, Price Holds Above $100,000
The report notes that accumulation in whale addresses has accelerated in recent weeks, with wallets over 10,000 BTC experiencing particularly noticeable growth. This suggests sustained long-term investor confidence and provides structural support for the market’s uptrend.
According to CryptoQuant, seasonal factors and expectations of looser US monetary policy will help Bitcoin maintain a steady upward trend in the coming period. Analyst GugaOnChain noted that the growing interest from institutional investors could herald a “new record period.”
The report also highlighted that large institutions and funds have begun to view Bitcoin as a long-term reserve asset, thus reducing selling pressure. This trend increases market liquidity and limits price volatility.
Based on current data, CryptoQuant predicts that Bitcoin could test the $110,000–$120,000 range in the medium term. However, analysts caution that profit-taking is possible in the short term, so investors should proceed with caution.
*This is not investment advice.