đ Bitcoin Whale Dynamics: Large Accumulation vs. Fear of 'New Players'
The latest on-chain data reveals an interesting phenomenon: the market is in a phase of global chip turnover.
CryptoQuant Data Key Points:
đ Institutional-level 'Fan Attraction': U.S. non-exchange wallets have accumulated over 577,000 BTC (approximately $53 billion) over the past year. Even excluding ETFs, this still shows a strong long-term bullish sentiment from large funds.
đ New Whales Dominate: Addresses holding over 1,000 BTC and having holdings of less than 155 days currently control a significant portion of Bitcoin's realized market value. This means a large amount of supply has been turned over at the currently high price range.
đ Weak Hands Among 'Whales': Ironically, analysts found that during the recent market downturn, some new whales sold at lows or exited during rebounds. This indicates that not all large funds have long-term patience; some investors are still swayed by market sentiment.
đŽ Long-term Outlook: Is it a collapse or a $15 trillion market cap?
Experts' opinions are polarized:
1ď¸âŁ Pessimists (Cyber Capital): Justin Bons predicts that Bitcoin may collapse in 7-11 years due to an unsustainable security model. He believes the reduction in security budget due to halving could increase the risk of 51% attacks and double-spend attacks.
2ď¸âŁ Optimists (ARK Invest): Cathie Wood's team predicts that by 2030, the total market cap of the crypto market will reach $28 trillion, with Bitcoin accounting for half, expecting an annual growth rate of 63%.
Summary: While 'new whales' are still learning to withstand pressure, institutional investors are methodically filling their coffers.
Which prediction do you lean towards: gradually heading to an end, or 'To the Moon' in 2030? đ
#Bitcoin #CryptoQuant #ArkInvest #BTC #ćŻçšĺ¸
