Odaily星球日报讯 CryptoQuant 创始人兼首席执行官 Ki Young Ju 在 X 平台发文称，本轮的比特币牛市周期可能持续到 2025 年中期。 Ki Young Ju 解释道，“老鲸鱼”在牛市期间获利，他们的抛售将新资本带入积累地址，从而提高实际价格，过去周期的获利实现期约为 18 个月，而这次是 4 个月前开始的。

CryptoQuant创始人：本轮比特币牛市可能持续到 2025 年中期

Odaily Odaily News: CryptoQuant founder and CEO Ki Young Ju posted on the X platform that this round of Bitcoin bull market cycle may last until mid-2025. Ki Young Ju explained that &quot;old whales&quot; made profits during the bull market, and their selling brought new capital into the accumulation address, thereby increasing the actual price. The profit realization period of the past cycle was about 18 months, and this time it started 4 months ago.

CryptoQuant founder: This round of Bitcoin bull market may last until mid-2025.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
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The article, "Yi Lihua Completely Sells Off ETH! Trend Research Sells 650,000 Ethereum in a Week, Losing $730 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Yi Lihua completely liquidated his ETH holdings! Trend Research reportedly sold 650,000 Ethereum in a week, incurring a loss of $730 million before exiting the market.

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]