Golden Finance reported that the report from CryptyQuant indicated that BTCWhale has been increasing its BTC holdings at a rate of 6.3% per month, the fastest pace since April 2023, indicating continuous rise in demand for BTC. The CryptoQuant report suggests that it may take longer for the BTC price to bottom out and start a new round of pump, as the Liquidity of Stable Coin has not fully expanded. Stable Coin Liquidity is a necessary condition for price pump.
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CryptyQuant Report: BTCWhale Increases Holdings at a Rate of 6.3% Per Month, the Fastest Since April 2023
Golden Finance reported that the report from CryptyQuant indicated that BTCWhale has been increasing its BTC holdings at a rate of 6.3% per month, the fastest pace since April 2023, indicating continuous rise in demand for BTC. The CryptoQuant report suggests that it may take longer for the BTC price to bottom out and start a new round of pump, as the Liquidity of Stable Coin has not fully expanded. Stable Coin Liquidity is a necessary condition for price pump.