CryptoQuant CEO: From a traditional cycle perspective, Bitcoin may not yet be near the bottom of this cycle.

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Jinse Finance reports that Ki Young Ju, CEO of on-chain data analytics firm CryptoQuant, said it is not yet possible to confirm that Bitcoin has reached the bottom of this cycle. Based on logarithmic scale chart analysis, he pointed out that according to traditional cycle patterns, Bitcoin's current price still does not appear to be near the bottom area.
He further stated that as the price approaches the investor cost basis, the risk-reward ratio typically improves significantly; and in all major cycles in the past, Bitcoin's price has touched the realized price. If this does not occur in the current cycle, it may indicate that the market structure is different from before.
BTC-3.32%
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