CryptoQuant CEO Ki Young Ju said in a social media post, "Whales are preparing for the next round of counterfeit products rally. The number of limit buy orders for counterfeit products other than Bitcoin and Ethereum is increasing, indicating that a strong buying wall is being established. In a trading platform, market orders generate "buy orders", while limit orders generate "pending orders". Whales and institutions (such as market makers and brokers) typically use limit orders for large trades to avoid slippage. The indicator is calculated using a 1-year moving window by calculating the cumulative sum of the difference between buy and sell pending orders. If there is an upward trend, it means that the buyer's pending order volume is increasing, indicating that there is more strong buying walls forming. "