Ki Young Ju: "Bitcoin (BTC), Whales Accumulating on Spot · Retail Speculation in Futures… Potential Rise After Liquidations"
Summary
- He assessed that in the Bitcoin market spot is marked by whale accumulation, and futures by retail investor speculation.
- He stated that accumulation of futures positions using excessive leverage raises the likelihood of large-scale liquidations.
- He said that after liquidations the market may become lighter and a price rebound may occur.
An analysis has found that the characteristics of investors between the spot and futures markets in Bitcoin (BTC) are clearly diverging.
On the 30th (local time), Ki Young Ju, CEO of CryptoQuant, said on his X (formerly Twitter) that recently in the Bitcoin spot market whales have been accumulating, whereas in the futures market high-risk speculation centered on individual investors continues.
He said this structure increases volatility in the short term but may shift into an upward trend after a certain point. He explained that a phase of overheated trading is forming as spot buying and futures speculation proceed simultaneously.
He pointed out that if futures positions using excessive leverage accumulate, there is a high possibility of large-scale liquidations due to price movements. The analysis said that after such a liquidation phase the market can become lighter and prices may rebound.
Ki Young Ju said, "The structure in which whales' spot purchases and individual investors' futures speculation are intertwined has been repeatedly observed in the past," and added, "After leverage positions are unwound, a relatively stable upward phase can unfold."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
