When it comes to on-chain analysis, one of the leading platforms is Crypto Quant and its CEO Ki Young is extremely professional in this regard. The evaluations he makes in key periods make him stand out even more. In his evaluation shared today, he complained that the thing that investors should focus on did not attract much attention and gave the good news that something big was approaching in cryptocurrencies.
The Future of Cryptocurrencies
Bitcoin 
$61,635 price At the time of writing, it continues its struggle to solidify $62,000 as support. We cannot say that it has been very successful for now, but the return from the daily bottom of $ 60,164 brought about upward movements in altcoins again.
Crypto Quant CEO wrote that fluctuations in the markets are just a game in futures transactions. He gave investors the following information that will be useful for a lifetime.
“Market volatility is just a game played in the futures market.
Right whales move the market through spot trading and OTC markets. That’s why on-chain data is so important. Former whales did not generate particularly high returns, and whales entering this latest bull run made almost no profits.
It seems unlikely that they will enter the exchanges until liquidity starts coming from retail investors. Look how fiercely new whales are hoarding #Bitcoin; “This market has never seen such accumulation.”
“Some say the new whales are mainly ETF It claims to be driven by inflows, but recent accumulation shows little correlation with ETFs. If large amounts of Bitcoin are flowing into custodial wallets via OTC markets, guess who these whales are? Recent #Bitcoin inflows to permanent user addresses do not originate from ETF wallets. These wallets are neither exchange nor miner wallets and have no exits; they are mostly custodial wallets.”
As a result, it can be considered logical that we expect a strong rise in cryptocurrencies in the medium and long term, since the whales that have just entered the bull markets are not profitable. On the other hand, short-term movements may continue to remain volatile depending on the demand balance in futures transactions.
FET Coin Review
In his evaluation today, Altcoin Sherpa commented on which altcoin could be in the buy zone. FET Coin The expert, who thinks that there is a return to the level where it can be purchased for more profits, wrote the following;
“FET It’s actually in a pretty good spot, I might buy some here.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
