CryptoQuant CEO: Most on-chain indicators for bitcoin are bearish, and without macro liquidity support, a bear market is likely
According to ChainCatcher, CryptoQuant CEO Ki Young Ju stated that most on-chain bitcoin indicators are currently showing bearish trends. Without support from macro liquidity, the market will enter a bear cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI trend continues to drive momentum, global tech stocks lead gains, bond markets strengthen collectively, and oil prices may experience the longest decline in a year.
The Seoul Composite Index in South Korea rose 0.49%, paring some of its early morning gains. Brent crude fell 1.2% to around $94 per barrel, facing its longest losing streak in nearly a year. The decline in oil prices has eased market concerns over inflation, which had previously been driven up by yields reaching multi-decade highs, putting pressure on the bond market. Both Australian and New Zealand 10-year government bond yields dropped by at least 3 basis points, while US Treasury futures climbed in tandem.
Crypto prices
More
