Analyst: Bitcoin whales have not exited; this is just a bull market correction rather than a structural crisis
PANews, April 13 - CryptoQuant analyst Mignolet stated that Bitcoin whales have not exited the market. The current trend is similar to the accumulation seen during the consolidation period from August to September last year. What we are witnessing now is likely just a pullback within an ongoing bull market cycle (albeit a significant one), rather than a structural crisis that would trigger an exit at the "whale" level. Once this false crisis is resolved, quantitative easing policies will be restarted. Following gold, Bitcoin will be the next major beneficiary of this wave of liquidity.
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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