- Ki Young Ju, CEO of CryptoQuant, said that whales' buying pressure is currently active.
- He said he expects a price increase based on the Bitcoin market being in a whale-buying phase.
- That day, Bitcoin rose 1.33% from the previous day to record 88,606 dollars.
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Bitcoin (BTC) managed a slight rebound that day, and there was a view that a price rally due to whales' buying could come.
On the 26th (Korea time), Ki Young Ju, CEO of CryptoQuant, said on X (formerly Twitter), "The cycle of the Bitcoin spot market is divided into 'retail investor buying→whale selling→price decline' and 'retail investor selling→whale buying→price increase'," adding, "Currently, it is the period when whales are buying. I expect a price increase."
As of 8:17 PM that day, Bitcoin was 88,606 dollars, up 1.33% from the previous day according to CoinMarketCap.
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