💥💥ALTCOIN SEASON IS COMING SOON?? 🥺🥺😎😎
CafeBit may lack something, but it will never lack HOPIUM for Vietnamese people!
👉This comment comes from Ki Young Ju, CEO of CryptoQuant, a famous onchain data statistics platform. On social network 💪
The original words of Mr. Ju are as follows:
“My indicator shows that the sharks are preparing for a new altcoin bull run. The volume of ‘limit buy’ orders for altcoins (excluding $ETH ) is increasing. In other words, a strong altcoin buy wall is being established.”
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Of course, Mr. Ju's post faced opposition from many people with a bearish mindset, but CEO CryptoQuant further explained his indicator as follows:
👉On exchanges, MARKET buy orders will create 'Taker Volume' (Taker Volume), while limit oder orders will create 'Quote Volume' (Quote Volume).
👉With sharks and MM, they often use limit orders to avoid price slippage.
👉This indicator is calculated by taking the cumulative total difference between buy and sell orders of 'Quote Volume' in 1 year. If this index increases, it means the buy wall for altcoins increases and we can expect an altcoin season to occur. 😍
🤔Anyone who follows CafeBit long enough will know that they can be bearish in the short term, but always bullish in the long term. Currently, I still accumulate more altcoins every time the market is on fire. 👉 Which altcoins are you collecting? Please comment below to see if you're in the same boat! Be strong guys 💪💪💪
