TechFlow news, November 21: Ki Young Ju, founder and CEO of CryptoQuant, posted on X platform analyzing that if one holds Bitcoin spot without engaging in futures trading, the current Bitcoin price appears to be a suitable accumulation zone. From an on-chain cycle perspective, the bull market cycle may have already ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market's realized price should have fallen back to around $56,000, but macroeconomic conditions indicate global liquidity injections have begun, and market sentiment could rebound at any time. Therefore, selling or shorting now would be extremely unwise. Ki Young Ju added that he might also misjudge the situation, no longer uses leverage, and thus is not particularly skilled at timing entries, but still remains confident in the long-term outlook.
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