“Whales haven't run away, what about you?”
Although the market is undergoing strong adjustments, data from CryptoQuant shows that Bitcoin whales have not left. According to analyst Mignolet, the current trend resembles the accumulation phase between August and September last year, rather than a large-scale sell-off. This might just be a correction in the ongoing bullish cycle, not a structural crisis as many fear.
As negative sentiment subsides and quantitative easing policies return, Bitcoin – after gold – is expected to be the next asset to benefit from this huge liquidity wave.#BTCRebound $BTC