Bitcoin selling pressure eases, market bull-bear direction remains uncertain. CryptoQuant founder Ki Young Ju recently publicly corrected his previous view of the 'end of the Bitcoin bull market.'
He pointed out that as the market selling pressure continues to ease, the large-scale influx of Bitcoin ETFs and institutional funds is reshaping the market landscape.
Ki Young Ju believes that the traditional market ecology dominated by old coin holders, miners, and retail investors has been disrupted.
The deep involvement of institutional investors and government agencies has made the flow of funds more complex.
Market cycle fluctuations previously triggered by large whale sell-offs at high prices are now being buffered by the demand for institutional funds and ETFs.
However, he also emphasized that the current market is still in the stage of digesting new liquidity. Although on-chain data provides important references, due to the significant differences in analytical dimensions among different market participants, it is difficult to form a unified bull-bear judgment standard in the short term, and there remains considerable uncertainty in the direction of the Bitcoin market trend.
#山寨季何时到来？ #美联储FOMC会议 #Pectra升级
He pointed out that as the market selling pressure continues to ease, the large-scale influx of Bitcoin ETFs and institutional funds is reshaping the market landscape.
Ki Young Ju believes that the traditional market ecology dominated by old coin holders, miners, and retail investors has been disrupted.
The deep involvement of institutional investors and government agencies has made the flow of funds more complex.
Market cycle fluctuations previously triggered by large whale sell-offs at high prices are now being buffered by the demand for institutional funds and ETFs.
However, he also emphasized that the current market is still in the stage of digesting new liquidity. Although on-chain data provides important references, due to the significant differences in analytical dimensions among different market participants, it is difficult to form a unified bull-bear judgment standard in the short term, and there remains considerable uncertainty in the direction of the Bitcoin market trend.
#山寨季何时到来？ #美联储FOMC会议 #Pectra升级