Ki Young Ju, CEO of CryptoQuant, said there are too many whales in the stock markets. Although we do not feel this yet, it seems that corporate firms' interest in Bitcoin has awakened the whales. But how dangerous is this situation?

In Bitcoin, which has been trying to seek a base for itself between 19400 - 16500, the direction cannot be determined. This gap is the scene of an uncertain war between bears and bulls. Whenever the bitcoin price approaches $ 20000, we think a new ATH will come. Whenever the bitcoin price go down $ 16000, it feels like we will experience a rapid decline towards 13-14 thousand. The fact that institutions buy bitcoin at very high prices and very high amounts seems to be the seat belt of the market. However, the situation may change. We learn that whales, which have been resting for a while, come to the stock markets again and join the game.

Also Mt.Gox claimants who will start getting their Bitcoins may have caused to came The whales to the stock markets. Whales may have thought that these people, who will get their Bitcoins after a long time, could cause a big drop. But I don't believe that all Mt.Gox claimants will sell their Bitcoins. But they can trigger a panic sale. So it is Whales that we should focus on. What they will do in the near future will be what really determines the direction of the market.

What Do Whales Want To Do?

They may turn this situation in their favor and intend to make a profit by selling the Bitcoins they have carried for a long time.

CryptoQuant's CEO, Ki Young Ju, warned not to buy bitcoins on falls, perhaps predicting that the drop could be a huge amount. We will see how whales can affect the market in the coming days. What do you think about it?