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Ki Young Joo, CEO of CryptoQuant, a company known for its analysis on the Bitcoin blockchain, said that a small investor group has started to get into Bitcoin. Stating that transactions under $100,000 have reached a 3-year high, Ki Young-joo said this is the biggest sign of an influx of small investors.
“For now, it’s 135 thousand dollars…”
Noting that we are currently in bull season, Joe said he has no doubts about the boom:
“We are in a bull season. Bitcoin will go up. I said before that I was waiting for a correction, I was wrong. I’m sorry I didn’t really mean a bear season then. I just said A correction. “When you look at the total capital entering the Bitcoin market, the current cap appears to be $135,000.”
“Think FOMO at 100k”
Commenting on the movement of big whales like small investors, Young Ju said the whales are still waiting:
“If I were a giant whale, I’d wait for more liquidity to flow out. It’s all just getting started. Think small investor FOMO at $100k. “We may see some corrections, but that means bears. It’s not the start of the season.”
Chart showing Bitcoin transactions under $100,000.
Bitcoin transactions exceed $1 million
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