Over the past few days, Bitcoin (BTC) has seen a significant surge in whale accumulation. Ali highlighted that the “number of BTC addresses holding 100+ BTC increased from 15,913 to 16,006 during the recent correction. While this trend is noteworthy because it suggests whales bought the dip, Ki Young Ju, the CEO of CryptoQuant, an on-chain data aggregator, has spotlighted that it also suggests a calculated buildup of Bitcoin by influential players in the shadows. Related Reading: Bitcoin Bull Run Still Intact? Here’s What On-Chain Data Says The Hidden Bitcoin Agenda Revealed Ki Young Ju’s observations stem from his analysis of Bitcoin transactions over the last month, revealing a massive shift of nearly half a million BTC into what is described as “permanent holder wallets.” Ju noted: I’m pretty sure something is happening behind the scenes. 404,448 Bitcoin have moved to permanent holder addresses over the past 30 days, and it’s clearly accumulation. We’ll know within a year. This transfer, amounting to roughly $22.94 billion, signals routine market behavior and a strategic accumulation that hints at plans by major fi ..
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