Cryptocurrency Whales Not Yet Heavily Leveraged, Says CryptoQuant CEO

IconCryptoNewsTerminal Staff12 Jul, 2024

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Cryptocurrency Whales Not Yet Heavily Leveraged, Says CryptoQuant CEO

CryptoQuant CEO Ki Young Ju recently commented on the leverage behavior of cryptocurrency whales. According to Ju, whales typically use high leverage when buying the dip. However, he noted that this is not the case currently, indicating that whales are not overly bullish at the moment. Ju's observations provide valuable insights into the market sentiment among large-scale investors. By understanding the leverage strategies of whales, traders can make informed decisions about their own trades. Ju's advice to "trade like a whale" highlights the importance of following market trends and adapting one's strategy accordingly. Overall, Ju's comments offer a nuanced perspective on the cryptocurrency market and provide traders with valuable information to navigate market conditions effectively.

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