COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market
Bitcoin (BTC)

Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market

In Brief

  • Ki Young emphasizes the importance of on-chain data in cryptocurrency trading.

  • Bitcoin's struggle at $62,000 influences altcoin movements.

  • FET Coin shows potential for buying opportunities according to market analysts.

Fatih Uçar
Fatih Uçar 8 months ago
Share
SHARE

Crypto Quant stands out as a leading platform in on-chain analysis, with CEO Ki Young significantly contributing to this field. His evaluations during critical periods enhance his prominence in the industry. In a recent assessment, he expressed concerns that investors are overlooking crucial indicators and hinted at significant developments approaching within the cryptocurrency landscape.

Contents
Future of CryptocurrenciesFET Coin Analysis

Future of Cryptocurrencies

Bitcoin $103,745 is currently struggling to solidify the $62,000 level as support. While success in this endeavor remains uncertain, the recent recovery from a low of $60,164 has prompted upward movements in altcoins.

The CEO of Crypto Quant indicated that the market’s fluctuations merely reflect a game played in the futures market. He provided investors with insights that could prove invaluable throughout their careers.

“Market fluctuations are merely a game in the futures market.

Real whales drive the market through spot trading and OTC markets. Thus, on-chain data is crucial. Old whales, particularly, have not profited much, and those entering this latest bull run have seen minimal gains.

Until liquidity from individual investors flows in, it seems unlikely that they will enter exchanges. Look at how aggressively new whales are accumulating #Bitcoin; this market has never seen such accumulation.”

“Some claim the new whales are primarily due to ETF inflows, but recent accumulation shows little correlation with ETFs. If large amounts of Bitcoin are flowing into custody wallets via OTC markets, guess who these whales are? Recent #Bitcoin inflows to permanent user addresses do not originate from ETF wallets. These wallets are neither exchange nor miner wallets and have no outflows; they are mostly custody wallets.”

In conclusion, it may be reasonable to maintain a strong bullish expectation for cryptocurrencies in the medium to long term due to the lack of profits for newly entering whales in bull markets. Conversely, short-term movements will likely remain volatile, dependent on the demand balance in futures trading.

FET Coin Analysis

In his evaluation, Altcoin Sherpa discussed potential buying levels for specific altcoins. He believes that FET Coin has returned to a level where purchasing is viable, stating that additional gains might be possible.

“FET is actually in a very good position; I might buy a little from here.”

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Méliuz Boosts Shareholder Value with Bold Bitcoin Purchase

Bitcoin Surges to Power Past Gold with Institutional Boost

Bitcoin Hits $1 Million: A Bold Prediction Ignites Intrigue

Ukraine Embraces Bitcoin as a Strategic National Reserve Asset

Twenty One Capital Bu Yatırım Hamlesiyle Dikkatleri Üzerine Çekti!

Fatih Uçar 2 October, 2024 - 8:19 pm 2 October, 2024 - 8:19 pm
Share This Article
Facebook Twitter
Share
Previous Article Recent Events Impact Cryptocurrency Markets and Fed’s Monetary Policy
Next Article Ripple Launches 1.35 Million RLUSD Stablecoins to Boost Ecosystem
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Altcoin Season Surges with Critical Signals Aligning for a Bull Run
Altcoin News
The GENIUS Act Defines New Limits for Stablecoin and Gives US Digital Finance a Boost
Cryptocurrency News
Méliuz Boosts Shareholder Value with Bold Bitcoin Purchase
Bitcoin (BTC)
Market Faces Volatility as Altcoins Unlock Billions
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?