CryptoQuant CEO: Current Bitcoin address return level is in the mid-cycle

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MarsBit
11-08
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According to the news from Mars Finance, on November 8, CryptoQuant CEO Ki Young Ju posted that by combining on-chain cost basis indicators, he has created a cyclical buy/sell signal for Bitcoin, which is triggered only 1-2 times per cycle.

The on-chain realized price reveals the profitability of wallets. Currently, Bitcoin wallets show a +127% return, which is typically -24% at the cycle low and 298% at the cycle high. These cycles can be used to create preset alerts for long-term traders.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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