CryptoQuant CEO： It will take at least another month to confirm whether we have entered a bear market

CryptoQuant co-founder and CEO Ki Young Ju tweeted that Bitcoin's on chain indicators are at the bull bear boundary. It is expected to be the longest bull market in history, but it may also be wrong. At least one more month of data is needed to confirm whether a bear market is entering. If demand does not recover, indicators may fully indicate a downward trend. According to a typical two-year cycle, the bull market should continue until April 2025. The next one or two months will be a key turning point for the BTC market. If every indicator confirms a downward trend, I will admit my mistake and release relevant content. However, as I have previously stated, I believe the likelihood of falling below 77K is low. Even in the worst-case scenario, I see a high possibility of consolidating around 77K for a few months before rebounding. I don't think it's a good move to heavily bet on leveraged directional stocks (long or short) now