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TechFlow reports, Cryptoquant analyst Mignolet pointed out that it's currently the time for whales to accumulate in response to market fear. Although prices are in a consolidation phase, the percentage of profitable UTXOs has clearly moved away from its lows.
Mignolet stated this indicates accumulation by whales may be stepping into the market now, signaling a potential V-shaped recovery.
Cryptoquant analyst Mignolet noted that it is currently the time for whales to accumulate in response to market fear. Although prices are in a consolidation phase, the percentage of profitable UTXOs has clearly moved away from its lows. Mignolet stated this indicates accumulation by whales may be taking place at this moment, signaling a potential V-shaped recovery.
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