Crypto Whales Are Preparing for the Next Altcoin Boom, Says CryptoQuant Founder Ki Young Ju

While traders passionately discuss the start of alt season, CryptoQuant creator Ki Young Ju thinks crypto whales are preparing for the next cryptocurrency boom.

CryptoQuant founder Ki Young Ju has observed a trend of increasing buy orders among whales and institutions, suggesting anticipation for a significant altcoin rally.

The 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins metric, which highlights the disparity between buy and sell limit orders over a one-year period, serves as the basis for Ju's analysis.

According to the analysis, large crypto investors and institutions are placing a greater emphasis on buy-limit orders, setting the stage for a scenario where there is a lack of sell orders at a specific price point. This phenomenon, known as slippage, occurs when an order is partially or fully executed at a price that differs from the intended price due to a rapid change in the market.

In essence, Ju's analysis points towards the presence of "strong buy walls" of potential demand for altcoins in the future.

Several altcoins are poised to benefit substantially from the anticipated surge in future buy orders, including Solana (SOL), Polygon (MATIC), Cardano (ADA), Cosmos (ATOM), PancakeSwap (CAKE), My Neighbor Alice (ALICE), Ampera (AMPL), Ankr Protocol (ANKR), and Chilliz token (CHZ).

On the other hand, lending protocol Aave (AAVE), Compound Finance (COMP), Bancor Network (BNT), the Binance token (BNB), Chainlink (LINK), and XRP are experiencing a scarcity in the volume of future buy orders.

Meanwhile, crypto analyst Jamie Coutts has highlighted a market prognosis for altcoins that is currently being realized.

The expert maintains that the Top 200 Equal Weight Index serves as an indicator of market bottoms, suggesting that cryptocurrencies may be poised for a rebound.

The Top 200 Equal Weight Index tracks the price performance of each coin by comparing the price of Bitcoin to that of the top 200 altcoins, as ranked by market capitalization.

In a recent analysis, popular cryptocurrency trader "Mags" has asserted that re-accumulation is taking place in the altcoin market.

The trader went on to explain that cryptocurrencies were only up 58% on average after emerging from a lengthy accumulation phase. This observation indicates that the digital assets are undergoing a minor correction, which may precede further gains.

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