According to CryptoQuant CEO, Bitcoin is Preparing to Explode, Not Correct!

Ki Young Ju, CEO of on-chain analysis platform CryptoQuant, made a statement regarding the attitude of whales on Bitcoin (BTC).

Ki Young Ju, an experienced name in the cryptocurrency market, February 22 dated in the post He took a closer look at Bitcoin. Sharing a table on whale movements, Ju said that according to the data, these volume investors He did not sell his Bitcoins. On the contrary, he noted that he made more purchases.

on the other hand Ki Young Ju In the chart shared by “overheatingThe fact that the point was not reached revealed that whale purchases and Bitcoin’s rise may continue.

All cryptocurrency investors More than 90% The fact that whale purchases continued despite being profitable at current prices was interpreted as an obvious expectation for the continuation of the rise.

On the other hand, spot Bitcoin with exchange-traded fund (ETF) approvals BlackRock And Fidelity Bitcoin investments of giant corporate companies such as have also strengthened the buying pressure.

According to CoinGecko data, in the last 24 hours 1.1% up Bitcoin exhibiting, at the time of writing from $51,642 is being traded.

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