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TechFlow news — CryptoQuant founder and CEO Ki Young Ju tweeted that the current situation for Bitcoin resembles the middle of 2020. At that time, $BTC fluctuated around $10,000 for six months, with frequent on-chain activity later revealed to be over-the-counter (OTC) transactions.
Despite currently low price volatility, on-chain activity remains high, with $1 billion being added daily to new whale wallets—likely indicating custodial transactions.
CryptoQuant founder and CEO Ki Young Ju tweeted that Bitcoin's current situation is similar to mid-2020. At that time, $BTC hovered around $10,000 for six months, with frequent on-chain activity later revealed to be over-the-counter transactions. Despite low price volatility now, on-chain activity remains high, with $1 billion flowing into new whale wallets daily, likely from custodial deals.
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