According to CryptoQuant CEO Ki-Young Ju, on-chain analysis suggests recent Bitcoin whales have yet to reap substantial profits. As a result, these whales are less likely to sell their BTC until retail investors become more active. Whales are currently impacting the market through spot trading and over-the-counter (OTC) transactions. Ju's analysis indicates that whales' selling pressure may continue until retail investors enter the market in greater numbers. This dynamic highlights the influence of institutional investors on the cryptocurrency market and their potential to shape price movements.

#BTC