Cryptoquant analyst: Now is the time for whales to accumulate in response to market fear, and a V-shaped rebound may occur

According to TechFlow, Cryptoquant analyst Mignolet pointed out that now is the time for whales to accumulate in response to market fear. Although the price is in a consolidation phase, the UTXO profit percentage is clearly off the lows.

Mignolet said this suggests that accumulating whales may be stepping in at this point in the market, signaling a possible V-shaped rebound.