On-chain data is showing a potential rebound trend for altcoins. Ki Young Ju, CEO of CryptoQuant, pointed out that whales and institutional investors are preparing for the next round of altcoin rebound. Data shows that the volume of limit buy orders for altcoins other than Bitcoin and Ethereum is increasing, indicating that a strong buy wall is forming in the market.
In trading platforms, market orders cause price fluctuations, while limit orders are more often used by whales and institutions for large transactions to avoid slippage. With the increase in the volume of buy orders, this trend suggests that the market demand for altcoins is strengthening, which may indicate an upcoming market rebound.
At this critical moment, paying attention to changes in market sentiment and buy walls is crucial to capturing the next wave of opportunities.
