A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are pliable. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
The founder and general director of Cryptoquant, Ki Teenage Ju, backed off his bears forecast after Bitcoin price has crashed above 100,000 USD. This movement surprised the entire market after calling for lower prices dominated the space of cryptocurrencies over the past few months. When the sentiment returned to the positive, Teenage became stubborn, explaining the change of its attitude and what is happening now with the market.
The Bitcoin bull cycle has not ended
IN X PostCEO Ki Teenage already explained how the current market ran from previous cycles. First of all, he explains that the market no longer depends on venerable bitcoin whales, retail investors and miners to move the market. It used to be a way to get to know the bike, i.e. when venerable whales and miners unload their bags. However, the market has managed to go further, and the price of Bitcoin is now better to absorb vast sales without a problem.
Teenage explains that it can be assigned how diverse the market has become. Advent Spot Bitcoin ETFSwhich were approved by the Securities and Stock Exchange Commission (SEC) in 2024, opened novel liquidity possibilities. Now not only novel retail investors are playing in this field, but also institutional investors who have received the way to enter the market and with much larger pockets.
This novel and significant flow of liquidity meant that even the sale of vast whales no longer affects the price of bitcoins as it used to be. So CEO thinks it’s time to actually move from venerable to novel ones.
Considering this tide change, Cryptochan CEO stated that there could be time to throw the theory of the cycle. This is due to changes in liquidity flow, because the sources have become more uncertain. “Now, instead of worrying about selling old whales, it is more important to focus on how new fluidity comes from institutions and ETF, because this new influx can even outweigh the strong sales of whales,” explained Teenage.
Nevertheless, it believes that the current market does not flash a clear bear or a stubborn pattern when it comes to the profit cycle. As he explains, the market is still drowsy around the absorption of all novel liquidity from various sources and indicators are still “hanging around the border.”
As for the Bitcoins price, it still shows strength after exceeding $ 100,000, because Bulls Eye Modern Hooks of all time above USD 109,000. Investors’ profitability has also increased rapidly, and as much as 99% of all Bitcoin owners are now sitting from profit, according to data with INTOTHEBLOCK.
A distinguished picture from Dall.e, chart from tradingview.com
