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Cryptocurrency

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-quant-ceo-highlights-key-trends-in-cryptocurrency-market/" data-wpel-link="internal">Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market</a> 
Crypto Quant stands out as a leading platform in on-chain analysis, with CEO Ki Young significantly contributing to this field. His evaluations during critical periods enhance his prominence in the industry. In a recent assessment, he expressed concerns that investors are overlooking crucial indicators and hinted at significant developments approaching within the <a href="https://en.coin-turk.com/polymarket-secures-major-investment-to-launch-cryptocurrency-and-expand-its-platform/" data-wpel-link="internal">cryptocurrency</a> landscape. 
<h2 style="text-align: justify" id="future-of-cryptocurrencies">Future of Cryptocurrencies</h2> 
Bitcoin is currently struggling to solidify the $62,000 level as support. While success in this endeavor remains uncertain, the recent recovery from a low of $60,164 has prompted upward movements in <a href="https://en.coin-turk.com/a-promising-outlook-for-chainlink-link-as-analysts-predict-a-rally/" data-wpel-link="internal">altcoins</a>. 
The CEO of Crypto Quant indicated that the market’s fluctuations merely reflect a game played in the futures market. He provided investors with insights that could prove invaluable throughout their careers. 
<blockquote> 
 “Market fluctuations are merely a game in the futures market. 
 Real whales drive the market through spot trading and OTC markets. Thus, on-chain data is crucial. Old whales, particularly, have not profited much, and those entering this latest bull run have seen minimal gains. 
 Until liquidity from individual investors flows in, it seems unlikely that they will enter exchanges. Look at how aggressively new whales are accumulating #Bitcoin; this market has never seen such accumulation.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-393799 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/balina-birikimi-yorumu.jpg" alt="" width="2048" height="1152"> 
<blockquote> 
 “Some claim the new whales are primarily due to ETF inflows, but recent accumulation shows little correlation with ETFs. If large amounts of Bitcoin are flowing into custody wallets via OTC markets, guess who these whales are? Recent #Bitcoin inflows to permanent user addresses do not originate from ETF wallets. These wallets are neither exchange nor miner wallets and have no outflows; they are mostly custody wallets.” 
</blockquote> 
In conclusion, it may be reasonable to maintain a strong bullish expectation for <a href="https://en.coin-turk.com/massive-fund-inflows-from-institutional-investors-for-bitcoin/" data-wpel-link="internal">cryptocurrencies</a> in the medium to long term due to the lack of profits for newly entering whales in bull markets. Conversely, short-term movements will likely remain volatile, dependent on the demand balance in futures trading. 
<h2 style="text-align: justify" id="fet-coin-analysis">FET Coin Analysis</h2> 
In his evaluation, Altcoin Sherpa discussed potential buying levels for specific altcoins. He believes that FET Coin has returned to a level where purchasing is viable, stating that additional gains might be possible. 
<blockquote> 
 “FET is actually in a very good position; I might buy a little from here.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-393800 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/fet-coin-analist-alim-zamani-dedi.jpg" alt="" width="2154" height="1179"> 
The post <a href="https://en.coin-turk.com/crypto-quant-ceo-highlights-key-trends-in-cryptocurrency-market/" data-wpel-link="internal">Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Quant CEO Highlights Key Trends in Cryptocurrency Market

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