CryptoQuant: Whales Are Getting Ready for Upcoming Altcoins Rally
Ki Young Ju, the founder of CryptoQuant, has shared his belief that large crypto investors, known as whales, are strategically placing themselves in anticipation of the next altcoin rally.
This comes as traders engage in intense discussions about when the highly anticipated “alt season” will begin.
Ju based his analysis on the 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins, a metric that measures the difference between buy and sell limit orders over a one-year period.
He noted that whales prefer limit orders to avoid slippage, and the increasing level of this metric indicates a growing number of buy-limit orders among big investors and institutions.
This, as Ju explains, creates a “strong buy wall” of future demand for altcoins.
