EddieJayonCrypto
30 Mar 24
CryptoQuant Head Believes Bitcoin Cycle May Follow Prior Pattern The head of CryptoQuant, Ki Young Ju, suggests that Bitcoin’s current market cycle may be following the same patterns as the prior cycle in 2020-21, indicating the potential for a new bull market. He believes that on-chain ...
The head of CryptoQuant, Ki Young Ju, suggests that Bitcoin’s current market cycle may be following the same patterns as the prior cycle in 2020-21, indicating the potential for a new bull market. He believes that on-chain data shows long-time deep-pocketed investors selling Bitcoin while traditional finance groups are buying up the supply, and that institutional investors have invested $86 billion in Bitcoin in the last six months alone. Currently, Bitcoin is trading for $69,286, down nearly 3% in the last 24 hours.
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