BlockBeats News, November 21, CryptoQuant founder and CEO Ki Young Ju posted an analysis on X platform, stating: If you are not engaged in futures trading and only hold Bitcoin spot, then the current Bitcoin price seems to be in a suitable accumulation zone. From the perspective of on-chain cycles, the bull market cycle may have already ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market’s realized price should fall to around $56,000, but the macroeconomic situation indicates that global liquidity injection has already begun, and market sentiment could rebound at any time, making selling or shorting at this time a very unwise move.
Ki Young Ju added that he may have made a wrong judgment and is no longer using leverage. Therefore, he is not very good at timing the market entry, but he still has confidence in the long-term trend.
