TechFlow to a report by FinanceFeeds on January 3rd, CryptoQuant analysts pointed out that the market's interpretation of the large-scale accumulation of Bitcoin whale may be exaggerated. The commonly used "whale accumulation" indicator, if it does not remove distortion factors such as exchange wallets, is prone to overestimating the real buying power. This means that it is not possible to simply use the inflow of whale to judge strong support or the establishment of a new bull market.
Analysts believe that some of the data reflects changes or shifts in trading activity rather than pure long-term hoarding, therefore investors should not rely too heavily on this single signal to predict market trends.
