Ancient Bitcoin Whales Could Cause BTC Seller Exhaustion, Says Quant Analyst – Here’s What It Means - BitcoinEthereumNews.com
BitcoinAncient Bitcoin Whales Could Cause BTC Seller Exhaustion, Says Quant Analyst – Heres What It Means07 / 03 / 2022बिटकॉइन एथेरियम समाचार A popular quant analyst says hes keeping a close watch on the activities of ancient Bitcoin (BTC) whales as he notes the investor cohort could cause sellers to run out of supply. CryptoQuant chief executive Ki Young Ju tells his 301,700 Twitter followers that old Bitcoin whales, or entities that have held their large BTC stacks for over seven years, are still in hibernation despite the king cryptos sharp downturn over the last few months. “Ancient Bitcoin whales are still quiet in this range. Theyre over seven years old and the realized price is $358, still 54x. Most newbies are now underwater including institutions and miners. The market would be runing out of sell-side supply until the ancients provide some BTC.” स्रोत: की यंग जू / ट्विटर According to Ju, primordial BTC whales last made moves on March 28th when Bitcoin rallied to around $47,000. Since then, the top crypto asset by market cap has been in a strong downtrend, losing nearly 60% of its value in just a little over three months. “But, old whales in general, are still in hibernation for the