CryptoQuant Founder: BTC Market Sees Unprecedented Coin Hoarding
Ki Young Ju, founder of CryptoQuant, says that the current market volatility is just a game of futures markets. The real whales are driving BTC up through spot trading and the OTC market, where on-chain data is critical.
Diamond-handed whales have yet to be rewarded particularly well, with recent bull market entries yielding little to no profit. They are unlikely to sell off on trading platforms until liquidity from retail investors starts to flow in.
New whale addresses are hoarding BTC like the BTC market has never seen before. The new whales have little to no correlation with ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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