Ki Young Ju, CEO of the on-chain analysis platform CryptoQuant, has provided a significant signal regarding Bitcoin’s current price cycle. These signals, based on on-chain cost indicators, assist investors in identifying long-term buying and selling periods.
Profitability Analysis of Bitcoin Wallets
According to Ju’s data, on-chain realized prices reveal the current profitability of Bitcoin wallets. Currently, Bitcoin wallets face an average profitability rate of 127%, and the buy/sell signal indicates a buying opportunity. This profitability rate can drop to -24% at the lows, while it can reach 298% during peaks.
Signals as Guidance for Investors
Ju’s analysis suggests that the signals, inspired by Bitcoin’s historical price movements, could be a strong guide for investors. These rarely triggered signals in each cycle indicate buying or selling opportunities, highlighting profit potential for long-term investors. They help investors prepare for fluctuations in Bitcoin cycles and allow them to act strategically against market changes.
Current Market Situation
Currently, Bitcoin, the largest cryptocurrency, is trading at $76,205, showing a 1.78% increase in the last 24 hours. Data also reveal that the largest cryptocurrency has risen by 9.94% over the past week, maintaining its position as the most valuable asset in the cryptocurrency market with a market capitalization of $1.5 trillion.
The signals provided by CryptoQuant through Ki Young Ju's analysis continue to serve as crucial tools for investors, assisting them in navigating long-term opportunities in the Bitcoin market.
