CryptoQuant CEO: “Whales Are Preparing for the Next Altcoin Rally”

CryptoQuant CEO Ki Young Ju has issued a bullish prediction for altcoins, suggesting that a significant rally is on the horizon.

In his latest analysis, Ju highlighted a notable increase in limit buy orders for altcoins, indicating the construction of substantial buy walls.

“Whales are gearing up for the next altcoin rally,” Ju stated. “The surge in limit buy orders for altcoins outside of Bitcoin and Ethereum suggests that strong buy walls are being built.”

Ju further explained the technical indicators behind this metric, which may not be fully understood by all market participants. He distinguished between market orders and limit orders, explaining that while market orders create ‘buy volume’, limit orders contribute to ‘quote volume’.

“Whales and institutions, such as market makers and brokerages, typically use limit orders for large transactions to prevent slippage,” Ju explained. “The indicator is calculated by taking the cumulative sum of the difference between the buy and sell quote volumes using a 1-year moving window. An upward trend indicates increasing buy quote volume and stronger buy walls.”