CryptoQuant: Bitcoin bull cycle not over yet, short-term support at $100,000
2025-10-24 07:18:26
According to the analysis of CryptoQuant weekly report, as of now, the total holdings of whale addresses (addresses holding 100 to 1,000 bitcoins) amount to about 5.16 million BTC, accounting for 26% of the bitcoin circulating supply, making it the most important holding group in the current market. In 2025, whale addresses accumulated about 681,000 BTC holdings, while other address groups saw net reductions, indicating the trend of institutional investors absorbing retail selling chips. The annual growth rate of whale holdings is 907,000 BTC, higher than the 365-day average of 730,000 BTC, indicating that long-term demand remains strong. However, the short-term momentum weakens, and if the monthly increase rate does not re-accelerate, the bitcoin price may struggle to break through the new high of $126,000. At present, the bitcoin price resistance is at $115,000, and the support is at $100,000. If it falls below $100,000, it may trigger a further pullback to around $75,000.
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