CryptoQuant founder: The current BTC market atmosphere is similar to that in mid-2020, and whales may be conducting over-the-counter transactions
CryptoQuant founder and CEO Ki Young Ju posted on social media that the current atmosphere in the Bitcoin market is similar to that of mid-2020. At that time, BTC hovered around $10,000 for six months, with active on-chain activity later revealed to be off-exchange trading. Now, despite lower price volatility, on-chain activity is still very active, with $1 billion added to new whale wallets every day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stocks and Crypto Rally After Rough February, But Will It Last?
Overall, the crypto market cap increased by 7.19% to $2.84 trillion, with an enormous $150 billion traded in just 24 hours.
In major win for Hex’s Richard Heart, SEC dismisses lawsuit
Tesla takes a giant leap into Indian markets after Modi Musk meet
Two Australian Men Are Charged In AI-generated Child Abuse Images
Trending news
MoreCrypto prices
More
