CryptoQuant: "4 Reasons Why I'm Still Bullish on ETH"

Here is the English translation, with <> elements retained as is: The CEO of cryptocurrency on-chain analysis firm Cryptoquant, Joo Ki-young, presented the following reasons why he is still optimistic about through : 1. Despite the Bybit hack, there is not significant selling pressure on . Selling through exchanges takes time, and over-the-counter trading has little impact on the price. 2. Ethereum-based stablecoins account for 56% of the total stablecoin market capitalization. With U.S. President Donald Trump easing cryptocurrency regulations, more companies can utilize Ethereum-based stablecoins and smart contracts this year. 3. Favorable regulations could lead to a bullish trend in altcoin spot s this year. The popularity of spot s could drive up the price of . 4. The balance of whales holding 10,000-100,000 has increased by 24% over the past year, mainly absorbing volume from wallets holding less than 1,000 . The current price is approaching the average cost of these whales.