Ki Young Ju made his statement based on the statistics of the number of limit orders for the purchase and sale of altcoins. He stressed that whales prefer limit orders to eliminate price slippage. The chart shows a noticeable increase in the number of purchase orders, while the indicator for sell orders is decreasing.
At the same time, Yang Ju noted that the number of purchase orders is not growing for all altcoins. Coins such as Solana (SOL), Polygon (MATIC), Cardano (ADA), Cosmos (ATOM), PancakeSwap (CAKE), My Neighbor Alice (ALICE), Ampera (AMP), Ankr Protocol (ANKR) and Chiliz (CHZ) should benefit the most from the rally.
But for cryptocurrencies such as Ripple (XRP), Chainlink (LINK), Binance Coin (BNB), Compound Finance (COMP), Bancor Network (BNT) and Aave (AAVE), the number of purchase orders is not growing.
Recently, the founder of CryptoQuant said that bitcoin is currently in the accumulation phase.