CryptoQuant CEO: Bitcoin May Not Have Reached Bear Market Bottom Yet

BlockBeats News, June 26th - According to Ki Young Ju, CEO of the crypto data analysis firm CryptoQuant, it is currently not confirmed that Bitcoin has reached the bottom of this cycle. Based on a logarithmic scale chart analysis, he pointed out that, following the traditional cyclical pattern, the current price of Bitcoin still does not appear to be close to the bottom area.

He further stated that as the price approaches the investor cost basis, the risk-return ratio usually improves significantly; and in previous major cycles, the Bitcoin price has touched the realized price. If this does not occur in this cycle, it may indicate a different market structure from the past.