CryptoQuant CEO: Bitcoin's current bear market will not see another significant drop, may consolidate in the next few months
BlockBeats News, January 8th, CryptoQuant CEO Ki Young Ju stated on social media that with liquidity channels more diversified now, timing fund inflows is meaningless. Institutions holding Bitcoin long-term have put an end to the old whale-dump cycle. Strategy will not sell any large portion of its holdings, which amount to 673,000 BTC.
Funds have only flowed into stocks and precious metals. “I do not think Bitcoin will see a drop of over 50% from its ATH like in past bear markets. It may only consolidate in the coming months.”
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
Is Crypto's Weekend Drop a Preview of Monday? Houthis Target Riyadh, Trump Weighs Iran
Arc Launches Agentic Payments with USDC Across 3 Chains, Removing Gas Wallet Hassles
Ripple Initiates Major XRP and RLUSD Payments Integration
VanEck criticizes Metaplanet over executive dilution despite compensation cuts
Crypto prices
More
