Bitcoin On the Rise: Whale Long Positions Hint at Potential Surge, Says CryptoQuant Analyst

In recent developments, an important signal that previously predicted Bitcoin surges has reappeared. On-chain analysis from CryptoQuant highlights increased activity from whales in the futures markets, predominantly opening long positions. This pattern historically led to significant price rises, notably in June 2023 and January 2024, providing a potential bullish outlook for BTC. Bitcoin’s on-chain indicators

Source: CoinOtag