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CryptoQuant CEO: HODLing Spot is Safe, Selling or Shorting Now is Extremely Unwise

1 hours ago

On November 21st, Ki Young Ju, the founder and CEO of CryptoQuant, posted an analysis on the X platform, stating: "If you are not involved in futures trading and only hold Bitcoin spot, then the current Bitcoin price appears to be in a suitable accumulation range." From the perspective of on-chain cycles, the bull market cycle may have already ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market's realized price should drop to around $56,000. However, "the macroeconomic situation shows that global liquidity injection has already started, and market sentiment could rebound at any time, making selling or shorting at this time a very unwise action." Ki Young Ju also added that he may have made a wrong judgment and is no longer using leverage. Therefore, he is not very good at timing the market entry, but he still has confidence in the long-term trend.
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