CryptoQuant CEO: Whales are accumulating Bitcoin through private transactions

BlockBeats News, December 26, CryptoQuant CEO Ki Young Ju stated on social media that "Whales are accumulating Bitcoin through private transactions."

Over the past two years, the annual average number of CoinJoin transactions has surged. While some attribute this surge to hacker money laundering, a Chainalysis report stated that this year's total hacker loss was $2.2 billion—less than 0.5% of Bitcoin's $377 billion realized market cap inflow.

In 2024, 1.55 million BTC flowed into accumulation addresses, mainly related to ETFs, MicroStrategy, and custody wallets. Whales often use private transactions to transfer funds to new institutional investors.

Aside from disclosed holdings, we still don't know who accumulated approximately 240,000 to 420,000 BTC."