PiCK
Ju Ki-young: "Bitcoin's Bull Market Still Ongoing... Low Chance of Over 30% Correction"
Summary
- Ju Ki-young stated that the Bitcoin bull market is still ongoing and that whales continue to accumulate coins.
- More than $7 billion of capital is flowing into the market every week, and the possibility of a 30% correction in Bitcoin is low.
- He pointed out that concerns about a market bubble are unfounded and mentioned the possibility of Bitcoin rising after a correction.
Ju Ki-young, CEO of the on-chain analysis platform CryptoQuant, once again emphasized that the Bitcoin (BTC) bull market is still ongoing.
On the 26th (local time), Ju Ki-young stated on his X (Twitter) that "the news of Bitcoin whales accumulating coins is no longer new. According to on-chain data, more than $7 billion of capital is flowing into the market every week, and the bull market continues."
While some claim that a bubble has formed in the market and that the bull market has ended, he pointed out that these opinions are unfounded.
He added, "Of course, Bitcoin can undergo corrections, but the likelihood of a drop of more than 30% in the current bull cycle is very low. Rather, there is a higher chance of rising more than 30% after a correction. Those who mention a bear market are making claims without looking at on-chain data."
YM Lee
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