Kate Young Ju, a sub-account of CryptoQuant CEO Ki Young Ju, tweeted that an unknown entity purchased $1.7 billion worth of ethereum ETH 0.67% futures contracts in one hour, the largest hourly volume on record in seven months.
In addition, Ki Young Ju pointed out that although the market has rebounded recently, most bitcoin BTC 0.63% investors are still in the red, and most of the bitcoin newcomers who currently account for the realized market capitalization are still in the red.