According to Mars Finance, Ki Young Ju, founder and CEO of CryptoQuant, stated in an article on the X platform that as long as funds continue to flow in, Bitcoin is not in a bear market, and funds are currently still flowing into Bitcoin. If OG whales stop selling and macro market sentiment reverses, Bitcoin could rebound at any time. Ki Young Ju previously pointed out that the cost basis for investors who entered the Bitcoin market 6-12 months ago is close to $94,000, and unless the price falls below that level, he does not believe a bear market cycle has begun.
CryptoQuant founder: Funds are still flowing into Bitcoin, and the market could rebound at any time.
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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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