CryptoQuant CEO: Bitcoin May Not Yet Be Close to the Bear Market Bottom
2 hours ago
Crypto analytics firm CryptoQuant CEO Ki Young Ju stated that it is not yet possible to confirm Bitcoin has reached the bottom of its current cycle. Based on his analysis of log-scale charts, Bitcoin’s current price does not appear close to the bottom region following traditional cycle patterns. He added that as prices approach investors’ cost bases, the risk-reward ratio typically improves significantly; in all past major cycles, Bitcoin’s price has touched its realized price. If this cycle fails to see this, it could signal a different market structure from previous ones.
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