CryptoQuant founder: New Whales are accumulating BTC at an unprecedented pace, and Whales are unlikely to engage in dumping when there is insufficient Liquidity

BlockBeats news, on October 2nd, Ki Young Ju, the founder of CryptoQuant, posted on social media that the current market's Fluctuation is just a game in the futures market. The real Whales are driving BTC pump through Spot trading and OTC market. Therefore, on-chain data is crucial. BCD Whales haven't received particularly high returns, while the recent Bull Market Whales have hardly made any profits. They are unlikely to be dumping on trading platforms before the Liquidity of retail investors starts to flow in. In addition, new Whale Addresses are hoarding BTC almost frantically, a behavior that the BTC market has never seen before. Some people believe that the new Whales are mainly due to the inflow of ETF, but the recent hoarding behavior indicates that these new Whale Addresses have almost no correlation with ETF.