CryptoQuant CEO: Whales are preparing for the next round of altcoin rebound, and the volume of limit buy orders has increased

Odaily News Ki Young Ju, CEO of CryptoQuant, posted on social media that “whales are preparing for the next round of altcoin rebound. The volume of limit buy orders for altcoins other than Bitcoin and Ethereum is increasing, indicating that a strong buy wall is being established. In the trading platform, market orders generate take order volume and limit orders generate order volume. Whales and institutions (such as market makers and brokers) often use limit orders for large transactions to avoid slippage. The indicator is calculated by calculating the cumulative sum of the difference between the buy and sell order volumes, using a 1-year moving window. If an upward trend occurs, it means that the buy order volume is increasing, indicating that more powerful buy walls are forming.”