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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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CryptoQuant CEO: BTC is already at the bull-bear boundary, but the possibility of falling below $77,000 is low
Odaily Planet Daily News According to Ki Young Ju, co-founder and CEO of CryptoQuant, in a post on the X platform, the BTCon-chain indicator shows that the market is currently at the bull-bear boundary. It was previously expected to be the longest Bull Market in history, but it may be wrong. The market needs at least a month of data to confirm whether it is entering a Bear Market if demand does not recover, the indicator may fully indicate a downward trend. According to the typical two-year cycle, the Bull Market should continue until April 2025, so the next one or two months will be a key turning point for the BTC market. If every indicator confirms a downward trend, it will be acknowledged that the previous judgment was wrong, but it is still believed that the possibility of falling below $77,000 is very low.