Summary
- It was reported that whales' accumulation movements are continuing on Bybit.
- Mignolet, a CryptoQuant contributor, noted that whale buying stands out during periods of market fear.
- It was suggested that whale accumulation on Bybit is highly likely to precede Bitcoin price increases.
There is an opinion that whales continue their accumulation movements on the cryptocurrency exchange Bybit.
On the 24th (local time), Mignolet, a CryptoQuant contributor, stated in a report, "Bybit is characterized by significant whale Bitcoin (BTC) accumulation when market fear is prevalent," adding, "Since the April low, whale buying on Bybit has continued to this day."
He further suggested, "Whale accumulation on Bybit often precedes actual price increases with high probability," indicating the possibility of further gains for Bitcoin.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
