CryptoQuant CEO: The Bitcoin bull market is not over, we should pay attention to future sources of funds
Golden Finance reports, according to analysis by CryptoQuant CEO Ki Young Ju, Bitcoin spot trading volume is highly active around $100,000. The current market is in the distribution phase and price trends depend on whether new liquidity dries up. He emphasized that the Bitcoin bull market has not ended yet, but the market may experience a 30% correction. If the price falls below $75,000 it will affect his bullish judgment. The key issue lies in future sources of funds; if there's no additional 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.
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