CryptoQuant CEO Warns of Upcoming Volatility

The unrealized profit ratios of Bitcoin ($BTC) are indicating a likely market turbulence. Thus, while the profit ratios of the whale investors show impending volatility, the new $BTC investors have reportedly gone underwater. As per the data shared by Ki Young Ju, CryptoQuant’s CEO, on social media, this shift doesn’t clarify the bearish or bullish trend. Nonetheless, as he added, the divergence between old and new whale cohorts suggests the massive upcoming volatility wave.

Paper Bitcoin investors have just gone underwater. This doesn't tell us if it’s bullish or bearish, but one thing’s clear: volatility is coming. pic.twitter.com/SNtjSMYP3z

— Ki Young Ju (@ki_young_ju) October 14, 2025

New $BTC Whales Incur Losses, Underscoring Institutional Bitcoin Accumulation Ahead

In line with the market data, the unrealized profit ratio of the new Bitcoin ($BTC) whales has plunged into negative zone for 1st time over recent cycles. These whales take into account those entities that hold less than 1,000 $BTC. Their latest dip points toward the red territories where the respective investors are incurring losses. Based on the historical statistics, such pattern usually leads toward institutional accumulation phases.

At the same time, the old whales, including those having holdings above 1,000 Bitcoin ($BTC) for a minimum of 155 days, are still in substantial profit. The on-chain statistics also reveal that the seasoned $BTC holders are reportedly weathering the dip without any realized losses. The respective resilience also fortifies the point raised by Ki Young Ju that the whales’ long-term PnL has never dropped into negative zone, even during key corrections.

Profit Divergence Between New and Old $BTC Whales Suggests Impending Volatility Surge

According to Ki Young Ju, the divergence in new and old Bitcoin ($BTC) whales’ unrealized profit ratios displays a wider narrative. In this respect, while new $BTC whales are underwater, the old whales are still unfazed. Hence, the market could be reaching a crucial inflection point amid the anticipation of a heightened volatility.