I hope his feeling is right! Alt season, come quickly!
CryptoQuant CEO: Whales are preparing for the next round of altcoin rebound, and the volume of limit buy orders is increasing
CryptoQuant CEO Ki Young Ju posted on social media, "Whales are preparing for the next round of altcoin rebound. The volume of limit buy orders for altcoins other than Bitcoin and Ethereum is increasing, indicating that a strong buy wall is being established.
In the trading platform, market orders generate "take orders" and limit orders generate "order volume". Whales and institutions (such as market makers and brokers) usually use limit orders for large transactions to avoid slippage.
The indicator is calculated by calculating the cumulative sum of the difference between the buy and sell orders, using a 1-year moving window. If there is an upward trend, it means that the buy order volume is increasing, indicating that more strong buy walls are forming. "
