$BTC
⚡️ BTC market is in turmoil again: new whales are hoarding coins crazily, is there a real culprit behind the futures game?
CryptoQuant founder analyzes BTC market dynamics
🔥 New whales hoarding BTC:
Ki Young Ju, founder of CryptoQuant, pointed out that in the current market, new whale addresses are hoarding BTC at an unprecedented rate.
This behavior is unprecedented in the history of the BTC market, and the recent hoarding activities are almost unrelated to ETF inflows.
🔥 Market volatility and whale operations:
Ki Young Ju believes that the current market volatility is mainly a game in the futures market, while the real whales are driving up BTC prices through spot trading and OTC markets.
On-chain data is crucial to understanding whale behavior.
🔥 Possibility of whale selling:
According to analysis, the current diamond hand whales have not yet received particularly high returns, and the whales that entered the recent bull market have made little profit.
Therefore, these whales are unlikely to sell BTC on trading platforms before liquidity from retail investors begins to flow in.
🔥 Relationship between ETFs and new whales:
Although some people believe that the hoarding behavior of new whales may be related to ETF inflows, recent data shows that these new whale addresses have little correlation with ETFs, revealing new trends in market dynamics.
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