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.
Source: https://en.bitcoinsistemi.com/according-to-cryptoquant-analysts-whales-have-doubled-their-btc-holdings-recently-here-are-the-details/
