Ju Ki-young: "Bitcoin will remain range-bound even in a bear market... Avoid panic sells"

JOON HYOUNG LEE

Summary

Ju Ki-young, CEO of CryptoQuant, said Bitcoin (BTC) is likely to enter a bear market, but the price decline will not be large and it is expected to show a range-bound movement.
He said that if Strategy maintains most of the 650,000 bitcoins it holds, a large price correction like in 2022 is unlikely to be repeated.
Ju emphasized that long-term investors should avoid 'panic sells' and that the liquidity inflow channels have diversified, strengthening Bitcoin's long-term outlook.

*Ju Ki-young, CEO of CryptoQuant. Photo=The Korea Economic Daily*

Ju Ki-young, CEO of CryptoQuant, said that even in a crypto downturn the price decline of Bitcoin (BTC) is unlikely to be large.

On the 4th, Ju said via X, "Bitcoin is currently about 25% down from its all-time high (ATH), and even if a bear market comes, the decline is likely to be smaller and it is more likely to show a wide range-bound sideways movement."

Ju said that Bitcoin is likely to enter a bear market soon. He analyzed, "Most Bitcoin on-chain indicators are sending bearish signals, and if macro liquidity does not support it, the (crypto) market will inevitably enter a bear market."

He also mentioned the possibility that the world's largest Bitcoin treasury company Strategy may sell Bitcoin. Strategy's CEO Pong Le recently hinted in an interview at the possibility of selling its stored Bitcoin. Ju noted, "If Strategy keeps the 650,000 bitcoins it holds in this cycle or sells only a very small portion, a large-scale correction like in 2022 is unlikely to be reproduced."

He also offered advice for long-term investors (LTH). Ju said, "Long-term investors should avoid 'panic sells,' and Bitcoin now has much more diverse liquidity inflow channels, which strengthens its long-term outlook."

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