The CEO of market intelligence platform CryptoQuant says Bitcoin (BTC) still has a long way to go before it peaks.
In a new thread on the social media platform
According to Ju, crypto whales accumulating large amounts of the leading crypto assets by market cap have moved from a newsworthy event to a routine occurrence, proving that the bull market is not over yet.
“The narrative of whales gathering on Bitcoin is so widespread that it is now part of everyday conversation. Just two to three years ago, news of the whale accumulation sent shockwaves through the market. Nowadays it is no longer breaking news, but just expected routine information…
At the moment we are clearly in a bull market, with on-chain data showing $7 billion of capital entering the market weekly…
The news of whale accumulation no longer moves people – perhaps because analysts, including myself, have been calling it a bull market for two years. But the bull market is not over yet. If…
