Ki Young Ju: "Bitcoin will maintain downward trend until US investor sentiment improves"
Son Min
Summary
- Ki Young Ju, CEO of CryptoQuant, stated that Bitcoin is likely to continue its downward trend until investor sentiment in the US improves.
- He mentioned that there is no significant increase in on-chain activity for Bitcoin and major indicators remain neutral.
- He added that Bitcoin's basic fundamentals remain strong and the bull cycle is still ongoing.
Opinions suggest that Bitcoin (BTC) is likely to show poor performance for a while.
On the 3rd (local time), Ki Young Ju, CEO of CryptoQuant, stated through X, "Bitcoin is likely to continue its bearish trend until investor sentiment in the US improves," adding that "there is no significant increase in on-chain activity, and major indicators remain neutral."
However, he noted that "the bull cycle is still ongoing," and that "no one, including Trump and traditional finance, wants the cycle to end at this point." He added, "Bitcoin's fundamental strengths remain powerful."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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