Crypto Whales and Key Bitcoin Stakeholders Aggressively Accumulating BTC Around $20,000

dailyhodlPublished on 2022-10-24Last updated on 2022-10-24

Abstract

A closely followed quant analyst says that two major Bitcoin stakeholders are heavily accumulating BTC...

A closely followed quant analyst says that two major Bitcoin stakeholders are heavily accumulating BTC at current levels despite uncertain market conditions.
Ki Young Ju, the head of analytics firm Crypto Quant, tells his 308,400 Twitter followers that deep-pocketed investors are aggressively loading up on BTC through top digital asset exchange Binance.

“Whales are accumulating BTC in Binance.
Since Bitcoin price hit the $20,000 level, Binance’s spot trading volume dominance skyrocketed, and it’s now 84%. The second biggest is Coinbase, 9%.
Not sure whether these whales are institutions using prime brokers or crypto OGs (original gangsters) for now.” 

Image

Source: Ki Young Ju/Twitter Ki Young Ju also highlights that Bitcoin’s spot trading volume has surged across all exchanges in the last six months, indicating that there’s sufficient demand to absorb the intense selling pressure.
“BTC spot trading volume for all exchanges increased 20x over the past six months.
The volume renewed a year-high last month, but not much change in the daily closed price, indicating someone(s) is buying all the sell-side liquidity.” 

Image

Source: Ki Young Ju/Twitter The Crypto Quant CEO also notes that whales have taken over the BTC futures markets.
“BTC futures traders are now mostly whales.
The average amount of Bitcoin deposits to derivative exchanges from other exchanges is relatively big, a five-year high.” 

Image

Source: Ki Young Ju/Twitter Based on the quant analyst’s chart, it appears that Bitcoin tends to bottom out when whales dominate the futures markets.
Looking at another crucial Bitcoin stakeholder, Ki Young Ju says BTC miners are “extremely bullish now” on the largest crypto by market cap.
“Hashrate to mining revenue ratio hit an all-time high, meaning they keep investing in infrastructure despite very small BTC mining revenue.
Historically, miners were underwater in the short term but never failed in the long term.” 

Image

Source: Ki Young Ju/Twitter At time of writing, Bitcoin is swapping hands for $19,209, flat on the day.

Related Reads

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

XRP is showing signs of renewed bullish momentum as buyers return, approaching the $1.50 mark. However, the Sharpe Ratio, a key risk-adjusted performance metric, remains in negative territory, indicating underlying market inefficiency and a lack of efficient expansion. Crypto expert Teddy notes that while the overheated phase has passed, the ratio's negative reading suggests the market is still in a recovery phase from earlier losses. Momentum indicators show compression, with analysts predicting a potential aggressive move towards the 6.127% level if bullish momentum continues. A break above could open upward space of up to 12%, though it remains unclear whether this will be a sustained expansion or a retracement.

bitcoinist44m ago

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

bitcoinist44m ago

Fortune Investigation: Copying Strategy's Homework Fails, Fund Suffers Huge Losses and Liquidation, Fiancée Dies Mysteriously in Africa

In a dramatic turn of events, Joe McCann, founder of the crypto fund Asymmetric, faces both financial collapse and personal tragedy. After raising funds from prominent investors like Marc Andreessen, Asymmetric's liquidity fund nearly doubled in value during the 2024 crypto market surge. However, by July 2025, the fund suffered massive losses of nearly 80%, leading to investor redemptions and eventual liquidation. McCann attempted to pivot the fund’s strategy to emulate Michael Saylor’s "digital asset treasury" model but failed. Amid this financial turmoil, McCann’s personal life unraveled. His fiancée, influencer Ashly Robinson, died under suspicious circumstances during a vacation in Tanzania in April 2025. Initially ruled a suicide, her death is under investigation, with McCann’s passport seized by local authorities. Robinson’s family has called the events "suspicious." McCann, who had built a flashy personal brand around crypto success and cultural influence, now faces a crisis extending far beyond financial losses, encapsulating the high-risk, "asymmetric" nature of both his investments and his life.

marsbit1h ago

Fortune Investigation: Copying Strategy's Homework Fails, Fund Suffers Huge Losses and Liquidation, Fiancée Dies Mysteriously in Africa

marsbit1h ago

Crypto And Financial Industry Giants Reveal What X Money Launch Means

Crypto and financial industry leaders, including Senator Elizabeth Warren, express significant concerns over Elon Musk's proposed X Money platform. In a letter to Musk, Warren warned that its April launch threatens consumer protection, financial stability, and national security. Key concerns include a potential partnership with a bank previously subject to FDIC enforcement, unclear plans for generating high-yield returns, and X's poor record on content moderation, data privacy, and fraud. Warren also highlighted a potential regulatory loophole allowing X to issue a stablecoin with less oversight. Separately, a crypto pundit noted X's integrated financial stack, including live features like Smart Cashtags and brokerage routing, poses a major threat to fintech competitors due to its vast user base.

bitcoinist1h ago

Crypto And Financial Industry Giants Reveal What X Money Launch Means

bitcoinist1h ago

Ethereum Foundation Program Identifies 100 DPRK-Linked Crypto Workers

An Ethereum Foundation-funded researcher, through the Ketman Project, identified 100 North Korean IT operatives using fake identities to infiltrate Web3 companies. The six-month investigation, part of the ETH Rangers security program, uncovered these actors across 53 projects, which were subsequently warned. The operatives were detected through basic mistakes like reused profile photos, exposed email addresses, and inconsistent device language settings. The project also developed an open-source tool to flag suspicious GitHub activity and a framework for identifying DPRK-linked workers. This highlights the significant ongoing threat of state-linked cyber operatives in the crypto ecosystem, responsible for billions in stolen assets.

bitcoinist2h ago

Ethereum Foundation Program Identifies 100 DPRK-Linked Crypto Workers

bitcoinist2h ago

Ethereum Targets North Korea’s Secret Workforce — Are Your Favorite DeFi Protocols Compromised?

The Ethereum Foundation's ETH Rangers Program, a security initiative launched in late 2024, has identified approximately 100 North Korean (DPRK) IT operatives who had infiltrated around 53 different crypto projects using fake identities. The program, a collaboration with security groups like Secureum and SEAL, also recovered or froze over $5.8 million in funds and reported more than 785 vulnerabilities. A key project within the initiative, Ketman, focused specifically on uncovering these DPRK agents, published detailed reports, and developed open-source tools for detecting suspicious activity. This effort highlights the ongoing threat of state-sponsored North Korean hacking groups within the crypto ecosystem and the industry's increasing focus on robust security measures and transparent hiring practices to mitigate risks.

bitcoinist3h ago

Ethereum Targets North Korea’s Secret Workforce — Are Your Favorite DeFi Protocols Compromised?

bitcoinist3h ago

Trading

Spot
Futures

Hot Articles

What is $BITCOIN

DIGITAL GOLD ($BITCOIN): A Comprehensive Analysis Introduction to DIGITAL GOLD ($BITCOIN) DIGITAL GOLD ($BITCOIN) is a blockchain-based project operating on the Solana network, which aims to combine the characteristics of traditional precious metals with the innovation of decentralized technologies. While it shares a name with Bitcoin, often referred to as “digital gold” due to its perception as a store of value, DIGITAL GOLD is a separate token designed to create a unique ecosystem within the Web3 landscape. Its goal is to position itself as a viable alternative digital asset, although specifics regarding its applications and functionalities are still developing. What is DIGITAL GOLD ($BITCOIN)? DIGITAL GOLD ($BITCOIN) is a cryptocurrency token explicitly designed for use on the Solana blockchain. In contrast to Bitcoin, which provides a widely recognized value storage role, this token appears to focus on broader applications and characteristics. Notable aspects include: Blockchain Infrastructure: The token is built on the Solana blockchain, known for its capacity to handle high-speed and low-cost transactions. Supply Dynamics: DIGITAL GOLD has a maximum supply capped at 100 quadrillion tokens (100P $BITCOIN), although details regarding its circulating supply are currently undisclosed. Utility: While precise functionalities are not explicitly outlined, there are indications that the token could be utilized for various applications, potentially involving decentralized applications (dApps) or asset tokenization strategies. Who is the Creator of DIGITAL GOLD ($BITCOIN)? At present, the identity of the creators and development team behind DIGITAL GOLD ($BITCOIN) remains unknown. This situation is typical among many innovative projects within the blockchain space, particularly those aligning with decentralized finance and meme coin phenomena. While such anonymity may foster a community-driven culture, it intensifies concerns about governance and accountability. Who are the Investors of DIGITAL GOLD ($BITCOIN)? The available information indicates that DIGITAL GOLD ($BITCOIN) does not have any known institutional backers or prominent venture capital investments. The project seems to operate on a peer-to-peer model focused on community support and adoption rather than traditional funding routes. Its activity and liquidity are primarily situated on decentralized exchanges (DEXs), such as PumpSwap, rather than established centralized trading platforms, further highlighting its grassroots approach. How DIGITAL GOLD ($BITCOIN) Works The operational mechanics of DIGITAL GOLD ($BITCOIN) can be elaborated on based on its blockchain design and network attributes: Consensus Mechanism: By leveraging Solana’s unique proof-of-history (PoH) combined with a proof-of-stake (PoS) model, the project ensures efficient transaction validation contributing to the network's high performance. Tokenomics: While specific deflationary mechanisms have not been extensively detailed, the vast maximum token supply implies that it may cater to microtransactions or niche use cases that are still to be defined. Interoperability: There exists the potential for integration with Solana’s broader ecosystem, including various decentralized finance (DeFi) platforms. However, the details regarding specific integrations remain unspecified. Timeline of Key Events Here is a timeline that highlights significant milestones concerning DIGITAL GOLD ($BITCOIN): 2023: The initial deployment of the token occurs on the Solana blockchain, marked by its contract address. 2024: DIGITAL GOLD gains visibility as it becomes available for trading on decentralized exchanges like PumpSwap, allowing users to trade it against SOL. 2025: The project witnesses sporadic trading activity and potential interest in community-led engagements, although no noteworthy partnerships or technical advancements have been documented as of yet. Critical Analysis Strengths Scalability: The underlying Solana infrastructure supports high transaction volumes, which could enhance the utility of $BITCOIN in various transaction scenarios. Accessibility: The potential low trading price per token could attract retail investors, facilitating wider participation due to fractional ownership opportunities. Risks Lack of Transparency: The absence of publicly known backers, developers, or an audit process may yield skepticism regarding the project's sustainability and trustworthiness. Market Volatility: The trading activity is heavily reliant on speculative behavior, which can result in significant price volatility and uncertainty for investors. Conclusion DIGITAL GOLD ($BITCOIN) emerges as an intriguing yet ambiguous project within the rapidly evolving Solana ecosystem. While it attempts to leverage the “digital gold” narrative, its departure from Bitcoin's established role as a store of value underscores the need for a clearer differentiation of its intended utility and governance structure. Future acceptance and adoption will likely depend on addressing the current opacity and defining its operational and economic strategies more explicitly. Note: This report encompasses synthesised information available as of October 2023, and developments may have transpired beyond the research period.

363 Total ViewsPublished 2025.05.13Updated 2025.05.13

What is $BITCOIN

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of BTC (BTC) are presented below.

活动图片

Top Questions