In the current landscape of digital currencies, **CryptoQuant’s CEO** underscores the prime opportunity for significant Bitcoin stakeholders to enhance their holdings. **Ki Young Ju** has shared with his substantial following of 350,800 on a prominent social platform that despite Bitcoin’s recent lackluster performance, the cryptocurrency market remains robust.
“Amidst the market’s low volatility and dwindling interest from buyers and sellers alike, with retail exit liquidity not yet primed, it presents a golden window for Bitcoin whales to bolster their portfolios. The bull cycle persists; what’s deemed boring spells opportunity.”
**Source**: Ki Young Ju/X
The CEO has observed a trend of accumulation among these large-scale Bitcoin investors. Recently, **Young Ju** highlighted that in response to the dip in Bitcoin’s value, miners have diversified their operations to include alternative Proof of Work (PoW) cryptocurrencies.
“The Bitcoin hashprice has plummeted to unprecedented lows. This has led to a deceleration in mining rig investments by numerous companies, with some pivoting to mine different PoW tokens as a buffer against the prevailing market volatility. This shift does not signal a cycle’s end. Rather, it’s a strategic move, not indicative of a long-term bearish outlook but a tactical pause as they await the resurgence of buy-side liquidity,” he opined.
The term ‘hashprice’ denotes the daily revenue a miner can anticipate per terahash of computing power.
At the moment of reporting, Bitcoin’s value stands at $60,402, witnessing a slight decline of nearly 3% over the last day.
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**Generated Image**: Midjourney
