CryptoQuant CEO: Bitcoin bull market is not over yet, we should pay attention to future funding sources
According to CryptoQuant CEO Ki Young Ju's analysis, the trading volume of Bitcoin spot near $100,000 is highly active, and the current market is in a distribution stage, and the price trend depends on whether new liquidity is exhausted.
He emphasized that the Bitcoin bull market is not over yet, but the market may see a 30% pullback, and if the price falls below $75,000, it will affect his bullish judgment. The key issue is the future source of funds, if there is no new liquidity, Bitcoin may face a longer period of adjustment.
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.
You may also like
CandyBomb x ROBO: Trade futures to share 340,000 ROBO!
OPNUSDT now launched for pre-market futures trading
Join the BGB holders group—unlock Spring Festival Mystery Boxes to win up to 8888 USDT and merch from Morph
Trading Club Championship (Margin)—Trade to share 58,000 USDT, with up to 3000 USDT per user!
Trending news
MoreCrypto prices
More
