Big investors are getting ready to buy altcoins, according to CryptoQuant CEO Ki Young Ju.
Ju, who has a big following on social media, says whales are placing orders to buy altcoins at specific prices on centralized exchanges. This is a sign that they’re expecting altcoins to rise in value soon.
Why are whales using limit orders?
They want to get the best possible price and avoid losing money if the market moves quickly. Limit orders are like placing a bid on an item at an auction – you only buy it if the price reaches your target.
What’s the big picture?
Ju believes that altcoins are poised for a big rally once Bitcoin breaks its all-time high. He’s urging people to start researching promising altcoins now, as time might be running out to get in on the action.
Bitcoin’s current state is similar to mid-2020.
Ju sees parallels between Bitcoin’s current sideways trading and its behavior in mid-2020. While big investors are moving their Bitcoin around, retail investors haven’t yet driven up prices.
Ju’s advice:
He believes that bull markets are short and intense, so patience is key.
Important note:
This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions. /p>
