Cryptokits accumulate Bitcoin using confidential transactions for more than two years, said CryptoQuant CEO and co-founder Ki Young Ju.
He made this conclusion based on data from CoinJoin, a service that makes Bitcoin -transactions anonymous. According to them, the number of large transfers through the platform has increased threefold in two years. And only a small percentage of them are related to illegal money laundering.
Blockchain analytics firm Chainalysis reported that hack-related losses will exceed $2024 billion in 2,2. While this is a significant amount, it is less than 0,5% of the $377 million invested in Bitcoin over the past 12 months. It turns out that the increase in anonymous transactions via CoinJoin cannot be explained by criminal activity.
In 2024, 1,55 million BTC were deposited into accumulation addresses, many of which are linked to exchange-traded funds ( ETF ), MicroStrategy and custodial wallets.
Key said that while these were large transactions, they had become commonplace.
Just 2-3 years ago, news about the accumulation of "whales" caused shocks in the cryptocurrency market. But today it is no longer a sensation, but simply expected, routine information, he said.
This indicates the dominance of large investors in the market, which is also acknowledged by most crypto experts.
