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Ki Young Ju: Large BTC-backed loans rise as whales borrow to buy more crypto

Ki Young Ju: Large BTC-backed loans rise as whales borrow to buy more crypto
BTC-backed loans rise among whales

Lending platforms have seen an increase in loans of $10 million or more, with CoinRabbit reporting that USDT borrowing by users posting $10 million or more in BTC jumped 83% last month.

Ki Young Ju, founder and CEO of CryptoQuant, said whales are borrowing against BTC to buy more crypto or other assets and are not betting on another major drawdown.

Ju has previously said that Bitcoin remains in the early phase of a bull market, distinguishing typical corrections from a bear market trend. He has also outlined how real-time tracking of every crypto flow is possible on-chain. These views frame Ju’s perspective on recent bullish behavior among large BTC holders.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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