Bitcoin Whales Accumulating BTC Through Privacy Transactions
- Bitcoin whales have been accumulating BTC through privacy transactions for more than two years, according to CryptoQuant CEO and co-founder Ki Young Ju.
- The average number of transactions passing through CoinJoin, an anonymization service, has tripled this cycle.
- Hacking-related losses totaled $2.2 billion in 2024, representing less than 0.5% of Bitcoin’s realized cap inflows for the same year.
- 1.55 million BTC flowed into accumulation addresses in 2024, many associated with ETFs, MicroStrategy, and custodial wallets.
Whales Leveraging Privacy-Enhancing Techniques
Ki Young Ju believes that whales are using privacy-enhancing techniques to transfer Bitcoin to new institutional investors, as approximately 240,000 to 420,000 BTC remains unaccounted for.
Regular News Updates on Whale Accumulation
“Just 2–3 years ago, news of whales accumulating would send shockwaves through the market. Today, it’s no longer breaking news — it’s just expected, routine information.”
- Over one year, whales have accumulated 641,789 BTC, reaching 3.81 million BTC — just 70,000 BTC short of the all-time high registered on Dec. 15.
- The average capital flowing to crypto weekly is around $7 billion, indicating that there is no bubble in the market.
