CryptoQuant CEO Doubles Down on Altseason Prediction, Says Whale Accumulation Remains Valid
CryptoQuant chief government Ki Younger Ju nonetheless thinks altcoins might shine regardless of the tough macro headwinds.
Final week, Younger Ju predicted that altseason would start in late 2024 or early 2025.
Within the wake of plunging crypto and inventory costs over the weekend and on Monday, the analytics agency CEO reiterated this week that his prediction for altcoins wasn’t based mostly on the macro surroundings.
“It’s nonetheless unsure whether or not Bitcoin is in a long-term bear market. If BTC stays above the $45,000 stage, I consider the market might recuperate at any time.
Everyone seems to be conscious of the unfavorable macro surroundings, and I’m no exception. Nonetheless, my altseason prediction wasn’t based mostly on world macro liquidity however relatively on observing sturdy purchase partitions from whales in secondary markets. Whether or not they’re defending towards worth drops or anticipating an altseason, whale accumulation stays legitimate.”
Younger Ju additionally notes that “only a few altcoins might stand out” if the economic system dips right into a recession.
“While asset prices may drop due to macroeconomic crises, those with strong buy walls that establish a stable price support base could see significant upside potential after the crisis. I’ll continue to monitor altcoins with whale and smart money accumulation, regardless of the macro situation.”
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