CryptoQuant CEO: The surrender of Bitcoin miners continues, and the crypto market is expected to be relatively quiet in the next 2-3 months

ChainCatcher news, according to CryptoQuant CEO Ki Young Ju on Twitter, the capitulation of Bitcoin miners is still ongoing. Historically, the capitulation phase ends when the daily average mining value reaches 40% of the annual average, and currently this ratio is at 72%. It is expected that the crypto market will be relatively quiet in the next 2-3 months, and a long-term bullish outlook is suggested, but excessive risk should be avoided.