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Monday, June 10, 2024
HomeCryptoCryptoQuant Company CEO Warns: “Right Now, Giant Whales Are Taking Action”

CryptoQuant Company CEO Warns: “Right Now, Giant Whales Are Taking Action”

Cryptocurrency analysis firm CryptoQuant has reported that massive Bitcoin whales are in action.

Ki Young Jufounder and CEO of crypto analytics company CryptoQuant, shared extremely interesting data about Bitcoin whales in his statement.

According to Ki Young Ju, the data shows that the whales of the Cooperative exchange have been Open long positions huge at $69,000.

Although Cooperative has not been popular recently, its data is important because it is an exchange owned by crypto billionaire Justin Sun.

In addition, Ki Young Ju also stated that giant whales held large buying positions above Bybit at $69,000.

At the time of this writing, Bitcoin price remains generally flat and is trading at $69,717. Last week, after stronger-than-expected jobs data BTC dropped in value severely.

This week in particular will be extremely important for the cryptocurrency market. Both the Fed’s interest rate decision and CPI data will be released on Wednesday. Additionally, PPI data will be released on Thursday.

Three reasons why Bitcoin price is set to rise as BTC whales are frantically accumulating

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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