Cryptoquant CEO: The Bitcoin bull market cycle has ended, large funds are struggling to push up the price
According to a post by Cryptoquant CEO Ki Young Ju, the Bitcoin bull market cycle has ended. By analyzing on-chain data's Realized Cap, he pointed out that the market is showing typical bearish signals: despite continuous capital inflow into the market, prices have not risen correspondingly. Ki Young Ju explained that when small amounts of money can drive price increases, it indicates a bull market; whereas when large amounts of money cannot push up prices, it means a bear market is coming. He stated that although selling pressure may ease at any time, based on historical experience, real market reversals usually require at least six months and there is less likelihood of a rebound in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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