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Ki Young Ju Profile picture
@ki_young_ju
Jan 16 • 1 tweets • 1 min read • Read on X
U.S. uses Coinbase. The world uses Binance. Image

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More from @ki_young_ju

Ki Young Ju Profile picture
Nov 21, 2024
#Bitcoin bull market is starting, with data resembling 2020.

Thread 🧵 Image
1/ I’ve been talking about on-chain whale accumulation for months.

Back then, many criticized the data as exaggerated, and even I had doubts. But the data was correct, and now the reason for the accumulation seems to be becoming pretty clear.

2/ Mining costs doubled after the halving, and the price needs to go up to maintain mining profitability.

Read 6 tweets
Ki Young Ju Profile picture
Nov 8, 2024
Just created #Bitcoin cyclical buy/sell signals triggered only 1-2 times per cycle by combining on-chain cost-basis indicators. Details in the thread. Image
On-chain realized price reveals wallet profitability.

#Bitcoin wallets currently show +127% returns, typically ranging from -24% at cyclical lows to 298% at cyclical highs.

I've created preset alerts for long-term traders based on these cycles.
You buy #Bitcoin when everyone is underwater.

Link 👇
cryptoquant.com/alert/preset?i…Image
Read 4 tweets
Ki Young Ju Profile picture
Oct 29, 2024
#Bitcoin institutional demand in custodial wallets is rising.

Over the past year, 278K BTC flowed into U.S. spot ETFs (80% retail) vs. 670K BTC into whale wallets (1K+ BTC, excluding exchanges/mining pools).

In custodial wallets, institutional demand is twice that of retail. Image
These whale wallets are supersets of custodial wallets.

Since most ETF wallets hold under 1K BTC, they accurately represent custodial wallets, imo.

More granular data is needed for better insights. Feel free to comment if you have any cohort filter ideas.
Live Chart 👇
cryptoquant.com/community/dash…
Read 4 tweets
Ki Young Ju Profile picture
Oct 2, 2024
If you're a new whale who just entered this bull run, bought #Bitcoin from old whales, and your profit is currently +1%, would you dump your bags on retail investors now? Image
The new whale wallets, primarily custodial wallets and ETFs, have not yet generated sufficient profit. Image
The current market volatility is just a game in the futures market.

Real whales move the market through spot trading and OTC markets. That’s why on-chain data is crucial. The older whales haven’t seen particularly high returns, and the whales who entered in this recent bull run have barely made any profits.

They are unlikely to dump on exchanges until liquidity from retail investors starts flowing in, imo.

Live Chart 👇
cryptoquant.com/analytics/quer…
Read 5 tweets
Ki Young Ju Profile picture
Dec 4, 2023
What #Bitcoin whales did before this bull run:

Thread 🧵
1/ Whale traders opened giga long positions at $29k.

2/ Whales have been in risk-on mode since $16k.

Read 6 tweets
Ki Young Ju Profile picture
Mar 11, 2023
Value dropping to zero means major shareholders are selling.

No on-chain proof of $USDC bank run found for now.
1/

Circle has burned $2.34B $USDC in the last 24 hours, but that's not a significant amount of money if you see the historical data.

cryptoquant.com/asset/usdc/cha…
2/
This $USDC situation is a completely different case from the $UST collapse.

In May 2022, LFG sent $BTC to exchanges and issued infinite $LUNA to restore the UST peg, which was known through on-chain activities prior to the collapse.
Read 4 tweets

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