CryptoQuant CEO: The current BTC atmosphere is the same as mid-2020
PANews reported on May 31 that KiYoungJu, the founder and CEO of CryptoQuant, stated on platform X that the current BTC atmosphere is similar to mid-2020. At that time, BTC hovered around $10,000 for six months with frequent on-chain activities which were later revealed as off-market trades. Now, despite lower price volatility, on-chain activity remains active with $1 billion added to new whale wallets every day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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