CryptoQuant CEO: As Long as the Strategy Doesn't See Significant Outflows, the Market Will Not Repeat the Previous Cycle's 70% Crash

BlockBeats News, February 1st, CryptoQuant CEO Ki Young Ju stated on social media that due to sustained selling pressure and no new fund inflows, the Bitcoin price continues to fall. Early holders have unrealized gains of a huge amount due to ETF and MSTR buy pressure. They began taking profits since early last year, but strong fund inflows kept the Bitcoin price around $100,000. Now, these fund inflows have dried up.

However, Ki Young Ju also pointed out that MSTR is the main driving force behind this rally. Unless Saylor significantly sells off his holdings, the market will not see a 70% crash as in previous cycles. The current market bottom is not yet clear, but this bear market may lead to a broad consolidation range.