CryptoQuant CEO: Whales are preparing for the next altcoin rebound
BlockBeats reports that on August 1, Ki Young Ju, CEO of CryptoQuant, posted on social media saying, "Whales are preparing for the next altcoin rebound. The volume of limit buy orders for altcoins other than Bitcoin and Ethereum is increasing, indicating a strong buying wall is being established.
In trading platforms, market orders generate 'taker volume', while limit orders produce 'maker volume'. Whales and institutions (such as market makers and brokers) usually use limit orders for large transactions to avoid slippage.
This indicator is derived by calculating the cumulative sum of differences between maker and taker volumes using a one-year moving window. If an upward trend appears, it means that the maker volume is increasing, indicating more powerful buying walls are forming."
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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