CryptoQuant CEO： The market may have entered a bear market, but BTC spot is still held

CryptoQuant CEO Ki Young Ju stated that despite being bullish on the market over the past two years, the current data has clearly weakened and the market may have entered a bear market. He pointed out that indicators based on realized market value showed a lack of new liquidity, and a large amount of trading volume around $100000 failed to drive up prices, while ETFs experienced three consecutive weeks of fund outflows. He emphasized that he would not short Bitcoin and would still hold spot money. Previously, the CEO of CryptoQuant believed that the Bitcoin bull market cycle has ended.