Ki Young Ju says whales drove the BTC rally over the past 24 hours

CryptoQuant CEO Ki Young Ju stated on X that whale investors have been driving the Bitcoin (BTC) spot and futures markets over the past 24 hours. He previously analyzed that the environment is not yet suitable for large-scale institutional inflows, citing continued net outflows from U.S. spot BTC ETFs and the fact that BTC ended the first half of the year on a downtrend. According to CoinMarketCap, BTC is currently trading at $63,358, up 6.58%.