Ki Young Ju "Bitcoin has entered the profit-taking phase…macroeconomic liquidity is the variable"
Uk Jin
Summary
- Ki Young Ju, CEO of CryptoQuant, said Bitcoin is currently in the profit-taking phase.
- Ju said that, according to previous cycle theory, we have entered a bear market.
- He emphasized that macroeconomic liquidity could be a factor that resolves this bear market.
Claims have emerged that Bitcoin (BTC) has entered a bear market.
On the 22nd (Korean time), Ki Young Ju, CEO of CryptoQuant, said on X (formerly Twitter), "Bitcoin is currently in the profit-taking phase," and added, "According to previous cycle theory, we are now entering a bear market."
Ju viewed macroeconomic liquidity as a factor that could resolve this bear market. He emphasized, "Only macroeconomic liquidity, as in 2020, could ignore the profit-taking cycle."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
