As movements in the Bitcoin market continue, there are significant developments capturing attention. While short-term expectations suggest a decline, stablecoin inflow and institutional investments build long-term optimism.
CryptoQuant CEO’s Take on Bitcoin
Ki Young Ju, CEO of CryptoQuant, asserts that the bullish market for Bitcoin has ended, predicting price declines or stabilization over the next 6-12 months. His viewpoint is supported by on-chain data indicating decreased liquidity.
Stablecoin Flows and Institutional Investments
Despite Bitcoin's market volatility, stablecoin inflow remains steady. Data from Matrixport shows ongoing entry of stablecoins like Tether and Circle, indirectly supporting Bitcoin's liquidity. Institutional interest in Bitcoin stays robust, with companies like Metaplanet purchasing 150 Bitcoins. Such investments could have positive long-term market effects.
Technical Analysis and Forecasts
Technical analysis shows Bitcoin moving within a correction channel, with positive signals on daily charts. Analysts suggest that a new price movement momentum could aid in recovery, yet caution is advised due to short-term volatility risks.
Bitcoin remains a focal point in the market, illustrating a complex interplay between short-term fluctuations and long-term trends. Institutional investments and technical signals are critical for forming a clear future outlook.
