PANews November 21 News, CryptoQuant CEO Ki Young Ju stated on social media that the BTC bull market is starting and pointed out that the current data is similar to the market performance in 2020. He mentioned that on-chain data in the past few months shows that whales are continuously stacking sats, and at that time many people were skeptical of this data, but now its rationality is gradually emerging. He further analyzes that after the Halving, the cost of Mining doubles, and the price needs to pump to maintain the profitability of Miners. In addition, many traders short BTC and may push the development of the Bull Market through shorts squeezing. Ki also mentioned that based on the performance of previous Halving cycles, the Bull Market of BTC usually starts in the fourth quarter, and Whales will not let the market performance in this stage be dull and ordinary.