CryptoQuant CEO: The market may have entered a bear market, but I still hold BTC spot

CryptoQuant CEO Ki Young Ju stated that despite being bullish on the market for the past two years, current data has shown a clear weakening, indicating that the market may have entered a bear market. He pointed out that based on realized market value indicators, there is a lack of new liquidity, and a large volume of trading near $100,000 has failed to drive prices up. At the same time, ETFs have seen fund outflows for three consecutive weeks. He emphasized that he will not short Bitcoin and will continue to hold spot positions.

In previous news, the CryptoQuant CEO believed that the Bitcoin bull market cycle has ended.