CryptoQuant's latest report suggests that the Bitcoin bull cycle is ongoing, with significant support at $100,000. Whale addresses, holding between 100 to 1,000 Bitcoins, currently possess about 5.16 million BTC, accounting for 26% of the circulating supply. This group is the largest holder in the market, with an annual growth rate of 907,000 BTC, surpassing the 365-day average of 730,000 BTC, indicating robust long-term demand. Despite strong long-term indicators, short-term momentum is waning. Bitcoin faces resistance at $115,000, and a failure to increase monthly holdings could hinder its ability to surpass $126,000. A drop below the $100,000 support level might lead to a correction towards $75,000. Historical trends show that a slowdown in whale accumulation below the 365-day average often marks the end of a bull market, but current data suggests the market remains in its late stages.