PANews reported on April 13 that CryptoQuant analyst mignolet said that Bitcoin whales have not yet left the market, and the current trend is similar to the accumulation seen during the sideways trading period from August to September last year. What we are seeing now is likely just a pullback within the ongoing bull market cycle (albeit a large one), rather than a structural crisis that triggers a "whale" level exit. Once this false crisis is resolved, quantitative easing will be restarted. After gold, the next major beneficiary of this wave of liquidity will be Bitcoin.