Summary
- Ki Young Ju, CEO of CryptoQuant, said the Bitcoin (BTC) market has not yet entered a full-fledged bull market phase.
- Ju said, "When a real Bitcoin bull market begins, every signal will be very clear," adding, "We haven't reached that stage yet."
- Market observers say that although Bitcoin has recently rebounded, on-chain indicators and liquidity conditions have yet to confirm a full bull-cycle signal.
Forecast Trend Report by Period
Ki Young Ju, chief executive officer of CryptoQuant, said the Bitcoin market has not yet entered a true bull phase.
Writing on X on May 22, Ju said, "When a real Bitcoin bull market begins, every signal will be very clear," adding, "We haven't reached that stage yet."
Market observers have said that despite Bitcoin's recent rebound, on-chain indicators and liquidity conditions have yet to confirm a full bull-cycle signal.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
