📈 The BTC bull market has already started, but no one cares...
CEO of CryptoQuant Ki Young Ju wrote about this.
• The bull market has already started, but there’s still no mass interest in BTC; everyone is focused on AI (chart 1)
• Realized capitalization is rising: old whales have stopped selling, and big players have opened long positions near the bottom
• The indicator of overall profitability for Bitcoin holders (PnL Index) has also started turning upward (chart 2)
• At the same time, CryptoQuant’s head expects Bitcoin to grow by 3–5x this cycle—not the usual 10x rallies of past years
• Volatility is fading into the past: market expansion and growth in the share of institutions are smoothing out fluctuations
CEO of CryptoQuant Ki Young Ju wrote about this.
• The bull market has already started, but there’s still no mass interest in BTC; everyone is focused on AI (chart 1)
• Realized capitalization is rising: old whales have stopped selling, and big players have opened long positions near the bottom
• The indicator of overall profitability for Bitcoin holders (PnL Index) has also started turning upward (chart 2)
• At the same time, CryptoQuant’s head expects Bitcoin to grow by 3–5x this cycle—not the usual 10x rallies of past years
• Volatility is fading into the past: market expansion and growth in the share of institutions are smoothing out fluctuations
