CryptoQuant Founder Predicts Bitcoin (BTC) Accumulation Surge: A Rally Season is Coming!
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- The founder of on-chain analysis platform CryptoQuant, Ki Young Ju, has indicated that the cryptocurrency market is entering a new phase.
- In a post dated May 3rd, Ki Young Ju focused on a striking on-chain data, highlighting that Bitcoin whales accumulated 47,000 BTC worth $2.4 billion in the past 24 hours.
- Whales, often known as long-term investors, buying large amounts of Bitcoin could indicate their increased confidence in the market and belief in its future value appreciation.
Bitcoin whales accumulate 47,000 BTC in 24 hours, signaling a new phase in the cryptocurrency market, according to CryptoQuant’s founder Ki Young Ju.
Bitcoin Whales Accumulate 47,000 BTC
According to Ki Young Ju, the founder of on-chain analysis platform CryptoQuant, Bitcoin whales have accumulated a massive 47,000 BTC, equivalent to $2.4 billion, in the past 24 hours. This significant accumulation suggests a new phase in the cryptocurrency market, potentially indicating increased confidence among these large-scale investors.
