Coinbase Whales Drive Bitcoin Price Surge

According to ChainCatcher, CryptoQuant's CEO Ki Young Ju stated on Twitter that, based on order sizes, large traders (commonly referred to as 'whales') on Coinbase are driving the recent increase in Bitcoin prices📈. These large orders may signal a shift in market sentiment, which investors should pay attention to.

While whale activity often triggers market volatility, it remains to be seen whether this price increase will be sustained🔍. Investors should remain rational and pay attention to risk management while enjoying the market benefits.

Regardless of how the market changes, maintaining a continuous focus on the blockchain industry will help in better understanding the future development of cryptocurrencies🌐.