Summary
- Ki Young Ju, CEO of CryptoQuant, claimed that Bitcoin's bull market has ended.
- He stated that Bitcoin will move sideways or bearish for the next 6-12 months.
- He explained that new liquidity is being depleted, and new whales are selling Bitcoin at lower prices.
A claim has emerged that the bull market for Bitcoin (BTC), the leading cryptocurrency, has ended.
On the 18th (local time), Ki Young Ju, CEO of CryptoQuant, stated through X (Twitter), "The Bitcoin bull cycle is over. It will move sideways or bearish for the next 6-12 months."
Regarding the reasons for predicting a bearish or sideways movement, he added, "As new liquidity is depleted, new whales are selling Bitcoin at lower prices."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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