Ki Young Ju reports a surge in limit buy orders for altcoins, indicating a potential rally. This increase suggests strong buy walls are being established, excluding Bitcoin and Ethereum.
Whales and institutions use limit orders to minimize slippage on large trades. During past altcoin rallies, prices surged due to positive sentiment and increased trading volumes.
Limit order indicators show an upward trend in quote buy volume, signaling a potential bullish movement in the altcoin market. This pattern often precedes significant price increases for alternative cryptocurrencies.
