According to Ki Young Ju, capital inflows into Bitcoin have dried up and liquidity channels are now more diverse, making the timing of inflows pointless, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He states that long-term institutional holders have disrupted the prior whale-to-retail sell cycle in BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He adds that MicroStrategy MSTR is not dumping any significant portion of its reported 673k BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He says capital has rotated to stocks and shiny rocks and he does not expect a 50% or greater drawdown from the all-time high, anticipating a few months of sideways action in BTC, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026. He cautions that shorting here in hopes of a sharp crash is unlikely to pay off, source: Ki Young Ju (@ki_young_ju) on X, Jan 8, 2026.

According to @CoinMarketCap, Trend Research purchased 46,379 ETH, increasing its total ETH holdings to about 580,000 ETH (source: CoinMarketCap on X, Dec 24, 2025). @CoinMarketCap reports this places the private company among the largest institutional ETH holders, behind only SharpLink and BitMine (source: CoinMarketCap on X, Dec 24, 2025). Traders often monitor such whale accumulation for potential impacts on ETH liquidity and order book depth in subsequent sessions, with the event flagged as market-relevant by @CoinMarketCap (source: CoinMarketCap on X, Dec 24, 2025).