CryptoQuant analyst GugaOnChain announced in his latest report that large investors, often referred to as whales, have recently doubled their Bitcoin holdings. This significant accumulation by whales has played a decisive role in keeping the Bitcoin price above the $100,000 mark.
Whale Accumulation Accelerates
The report highlights that accumulation in whale addresses has notably accelerated in recent weeks. Wallets holding over 10,000 BTC have experienced particularly noticeable growth, indicating sustained long-term investor confidence. This trend provides structural support for the market's ongoing uptrend.
Factors Supporting Bitcoin's Upward Trend
According to CryptoQuant, seasonal factors and expectations of looser US monetary policy are anticipated to help Bitcoin maintain a steady upward trend in the coming period. Analyst GugaOnChain further noted that the growing interest from institutional investors could herald a "new record period" for the cryptocurrency.
Bitcoin as a Long-Term Reserve Asset
The report also emphasized that large institutions and funds have begun to view Bitcoin as a long-term reserve asset. This shift in perception is contributing to a reduction in selling pressure within the market. Consequently, this trend increases market liquidity and helps to limit price volatility.
Price Predictions and Investor Caution
Based on current data and trends, CryptoQuant forecasts that Bitcoin could test the $110,000–$120,000 range in the medium term. However, analysts advise caution, noting that profit-taking is a possibility in the short term. Investors are encouraged to proceed with careful consideration of these market dynamics.

