Ki Young Ju: The current atmosphere in the BTC market is the same as it was in mid-2020
CryptoQuant CEO Ki Young Ju stated that the current atmosphere in the BTC market is similar to mid-2020. At that time, BTC hovered around $10,000 for six months with active on-chain activities, which were later revealed as off-market trades. Now, despite lower price volatility, on-chain activity remains high 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
Data: In the past 24 hours, CEX saw a net outflow of 19,541.03 BTC
The altcoin season index remains at a low level, currently at 22.
By the end of December, approximately 1.5 million ETH will be unstaked.