CryptoQuant founder: The current BTC market atmosphere is similar to that in mid-2020, and whales may be conducting over-the-counter transactions

CryptoQuant founder and CEO Ki Young Ju posted on social media that the current atmosphere in the Bitcoin market is similar to that of mid-2020. At that time, BTC hovered around $10,000 for six months, with active on-chain activity later revealed to be off-exchange trading. Now, despite lower price volatility, on-chain activity is still very active, with $1 billion added to new whale wallets every day.