CryptoQuant founder: The new giant whale is hoarding BTC at an unprecedented rate, and it is unlikely for the whale to sell when liquidity is low

BlockBeats News: On October 2nd, CryptoQuant founder Ki Young Ju posted on social media that the current market volatility is just a game in the futures market. Real whales drive BTC up through spot trading and OTC markets. So on chain data is crucial, diamond hand whales have not yet received particularly high returns, and whales that have entered the recent bull market have hardly made any profits. Before the liquidity of individual investors begins to flow in, they are unlikely to sell on trading platforms. In addition, the new whale addresses are hoarding BTC almost crazily, which the BTC market has never seen before. Some people believe that the new whales are mainly generated by ETF inflows, but recent hoarding behavior suggests that these new whale addresses have little correlation with ETFs.