CryptoQuant CEO Ki Young Ju has observed Bitcoin's modest performance in the current bull cycle, speculating a potential conclusion soon. According to Ju, if the cycle ends, Bitcoin whales may realize historically low profits.
Ju believes that Bitcoin whales have sold fewer tokens during this period. The sentiment suggests that they might be waiting for retail investors to drive the market further.
The insights bring attention to the unusual behavior of Bitcoin whales, who traditionally offload significant holdings during bullish market conditions.
