CryptoQuant CEO:
CryptoNewsTerminal Staff17 Sep, 2024
CryptoQuant CEO:
CryptoQuant CEO Ki Young Ju recently stated via X that "Whales are accumulating BTC. CryptoQuant's Accumulation Alerts have been triggered for 6 days in a row. This is mostly due to inflows to custody wallets. BTC is still intact, and we are in the middle of a bull market now." This is a strong indication that large investors are confident in the long-term prospects of Bitcoin. CryptoQuant's Accumulation Alerts are designed to identify periods when whales are buying Bitcoin in large quantities. The fact that these alerts have been triggered for 6 days in a row suggests that whales are accumulating Bitcoin at an accelerated pace. This news is likely to be welcomed by Bitcoin investors, as it suggests that the market is in a bullish phase. The price of Bitcoin has been rising steadily in recent months, and this trend is likely to continue if whales continue to accumulate Bitcoin.
