Ki Young Ju, founder and CEO of cryptocurrency analysis company CryptoQuant, shared extremely interesting data about whales in Bitcoin in his statement.
According to Ki Young Ju, data shows that huge HTX whales have opened very large long positions at the $69,000 level. Although HTX has not been as popular lately, its data is important since it is an exchange owned by cryptocurrency billionaire Justin Sun.
In addition, Ki Young Ju claimed that similarly giant whales took large long positions on Bybit at the level of $ 69,000.
At the time of writing this article, Bitcoin price remained generally horizontal during the day and is traded at $69,717. Last week, after employment data came in stronger than expected and memecoins experienced a significant decline in the live broadcast of the influencer named RoaringKitty, a serious loss of value was observed in BTC.
Especially next week will be extremely important for the cryptocurrency market. Both the FED interest rate decision and CPI data will be announced on Wednesday. In addition, PPI data will be published on Thursday.
*This is not investment advice.