Reason to trust
Strict editorial policy that focuses on precision, relevance and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publications
Strict editorial policy that focuses on precision, relevance and impartiality
Leon football price and some soft players. Each Arcu Lorem, Ultrices any child or ullamcorper football hate.
This article is also available in Spanish.
The founder and CEO Cryptoquant, Ki Young Ju, has returned his bearish prediction after Bitcoin’s price exploded above $ 100,000. This movement has taken the entire market by surprise after calls at lower prices dominated the cryptographic space in recent months. As the feeling has become positive, Young has become optimistic, explaining the change in its position and what is happening with the market at this time.
Bitcoin Bull Cycle has not finished
In a X publicationThe CEO Ki Young Ju explained how the current market has diverted from the previous cycles. On the one hand, he explains that the market no longer depends on old Bitcoin whales, retail and miners to move the market. This used to be the way of knowing the Top cycle, which was when the whales and old miners were downloading their bags. However, the market has managed to move on, and the price of Bitcoin is now better positioned to absorb large liquidations without problems.
Related reading
Young explains that this can be attributed to how diverse the market has become so far. The advent of Spot Bitcoin ETFSwhich were approved by the Bag and Securities Commission (SEC) in 2024, they have opened new ways for liquidity. Now, they are not only new retail investors who play in the field, but also to institutional investors who have been given a way to enter the market and with much larger pockets.
This new and substantial liquidity flow has done so that even the liquidations of large whales no longer affect the price of Bitcoin as they used to do. Therefore, the CEO believes that it is time to change the focus of the above.
Given this change in the tide, the cryptocant CEO declared that it could be time to throw the cycle theory. This is due to changes in liquidity flow, since the sources have become more uncertain. “Now, instead of worrying about the sale of old whales, it is more important to concentrate on how much it comes from new liquidity from institutions and ETF, since this new influx can even exceed the liquidations of strong whales,” said Young.
Related reading
However, he still postulates that the current market is not blinking a clear bearish or bullish pattern when it comes to the gain obtaining cycle. As he explains, the market is still slow around absorbing all the new liquidity from the different sources and the indicators are still “hanging on the limit.”
As for the price of Bitcoin, it continues to show strength after crossing $ 100,000, since Bulls Eye New All-Time has above $ 109,000. Investor’s profitability has also been triggered and 99% of all Bitcoin holders now have profits, according to data Of intooteblock.
Outstanding image of Dall.E, TrainingView.com box
