CryptoQuant CEO: From a traditional cycle perspective, Bitcoin may not yet be approaching the bottom of this cycle.

TechFlow News, June 26: Ki Young Ju, CEO of crypto analytics firm CryptoQuant, stated that it remains uncertain whether Bitcoin has reached the bottom of its current cycle. Based on a logarithmic-scale chart analysis, he noted that, according to traditional cycle patterns, Bitcoin’s current price still does not appear to be nearing the bottom zone.

He further explained that risk-reward ratios typically improve significantly as price approaches investors’ cost basis; historically, Bitcoin’s price has touched its realized price in every major cycle. If this does not occur in the current cycle, it may indicate a market structure different from previous cycles.