Bitcoin Downtrend Driven by Early Whale Selling, Says Ki Young Ju
Bitcoin’s sharp correction from $110,000 to round $80,000 is linked to heavy promoting by early whales with price bases close to $16,000. CryptoQuant CEO Ki Young Ju notes that on-chain metrics point out Bitcoin is now within the “shoulder” section of its cycle, suggesting restricted short-term upside potential. This promoting is overwhelming institutional demand from…
