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. Continue Reading: According to CryptoQuant Analysts, Whales Have Doubled Their BTC Holdings Recently! Here Are the Details
