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.
You may also like
ONE CEO says about 10% of the world's container ships are stuck in the Strait of Hormuz
Hungarian forint drops over 2.1%, Swiss franc falls 1.4%, euro drops over 0.8%
Trending news
MoreEli Lilly's Chief Financial Officer recently stated that its oral GLP-1 receptor agonist Orforglipron could enter the US market as early as the second quarter of this year, following expected regulatory approval in April.
Elliott Investment Management pointed out that Norwegian Cruise Line (NCLH) released a disappointing financial outlook for 2026, which shows a significant gap with the company's actual development potential.
Crypto prices
More
