CryptoQuant CEO Ki Young Ju stated that Bitcoin (BTC) remains in a bull market despite predictions of a downturn by some experts, emphasizing strong on-chain data indicating an upward trend.
Bull Market and Capital Flow Data
Ki Young Ju noted that Bitcoin has been in a bull market for two years. On-chain data reveals a $7 billion weekly capital inflow, indicating a strong trend and the continuation of the bull market.
Impact of Whale Accumulation and Market Conditions
In the cryptocurrency market, large investors known as whales are increasingly accumulating Bitcoin. Ju mentioned that such whale movements have become routine. These accumulations support the bull market, and Bitcoin is not currently in a 'bubble'.
Expert Opinions and Current Situation
Ki Young Ju believes that Bitcoin is not near its cycle peak and that it would recover quickly even if a downturn occurs. On-chain data and whale activities enable informed decision-making for investors in this market.
Ki Young Ju asserts that Bitcoin is progressing robustly in a bull market, supported by consistent whale investments and on-chain data, allowing investors to comprehend current market conditions and make informed decisions.
