Summary
- CEO Joo Ki-Young mentioned the possibility that this Bitcoin bull cycle could be the longest ever.
- He stated that new sources of liquidity are continuously invigorating the market.
- Currently, Bitcoin is showing a price uptrend on major cryptocurrency exchanges.
An analysis suggests that the current Bitcoin (BTC) bull market could be the longest cycle ever.
On the 7th (local time), Joo Ki-Young, CEO of CryptoQuant, stated on his X (formerly Twitter), "This Bitcoin bull cycle could be the longest ever. New sources of liquidity are consistently invigorating the market, and more is waiting to be unlocked."
Meanwhile, Bitcoin has surpassed $100,000 again as of 12:00 AM today, according to CoinMarketCap. It is currently trading at $101,881.17, up 3.51% from the previous day. On the Upbit KRW market, it is trading at 149,583,000 KRW, up 3.37% from the previous day.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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