CryptoQuant CEO: The market may have entered a bear market, still holding BTC spot

ChainCatcher news, CryptoQuant CEO Ki Young Ju stated that although he has been bullish on the market for the past two years, the current data has clearly weakened, and the market may have entered a bear phase. He pointed out that indicators based on realized market capitalization show a lack of new liquidity, and the large trading volume around $100,000 has failed to drive prices up, while ETFs have seen outflows for three consecutive weeks. He emphasized that he will not short Bitcoin and will continue to hold spot positions.

Previously, the CryptoQuant CEO believed that the Bitcoin bull market cycle had ended.