CryptoQuant CEO Doubles Down on Altseason Prediction, Says Whale Accumulation Remains Valid

CryptoQuant CEO Ki Young Ju is standing firm on his prediction that altcoins will have a moment to shine, despite the challenging macroeconomic conditions. Last week, Young Ju forecasted that the altseason would begin in late 2024 or early 2025. Despite the recent drop in cryptocurrency and stock prices, Young Ju maintains that his prediction is not reliant on the broader macro environment. He believes that if Bitcoin can stay above the $45,000 level, the market could recover at any time. Young Ju bases his altseason prediction on observing strong buy walls from whales in secondary markets. He suggests that whether these whales are defending against price drops or anticipating an altseason, their accumulation remains valid. However, he acknowledges that only a select few altcoins may stand out if the economy enters a recession. Young Ju will continue to monitor altcoins with whale and smart money accumulation, regardless of the macro situation.