Ki Young Ju, the co-founder and CEO of CryptoQuant, has provided insights into the behavior of whales in the cryptocurrency market, specifically focusing on their preparations for market growth towards the end of 2023.
The latest highlights came after his October post, where he noted that Bitcoin whales were adopting a “risk-on mode,” indicating a bullish market sentiment, sending BTC to derivative exchanges.
Whales Actively Opened Long Positions in August
In his recent post, Ju highlighted that whales, significant holders in the cryptocurrency market, have been actively opening long positions, predominantly when Bitcoin (BTC) was priced at $29,000. He observed that this accumulation phase was initiated in early August 2023.
1/ Whale traders opened giga long positions at $29k.https://t.co/yrMLl9vhKW
— Ki Young Ju (@ki_young_ju) December 4, 2023
Furthermore, Ju noted that many whales began entering the market during a cyclical low for BTC, which coincided with the collapse of the
We współpracy z: https://cryptopotato.com/heres-how-whales-prepared-for-cryptocurrency-market-growth-cryptoquant-ceo/
