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TechFlow news, CryptoQuant founder Ki Young Ju disclosed the current Bitcoin market situation on X.
1. The Bitcoin market shows short-term overheating.
2. It has not yet reached a cyclical peak; retail investors have not fully entered the market, and ETF demand needs to be monitored.
3. A correction is underway; if the maximum drawdown is 30%, the level would be $51,000. New whales (= ETF buyers) entered on average at $56,000.
CryptoQuant founder Ki Young Ju revealed the current Bitcoin market situation on X: 1. The Bitcoin market shows short-term overheating. 2. It has not yet reached a cyclical peak; retail investors have not fully entered the market, and ETF demand needs to be monitored. 3. A correction is underway—should the maximum drawdown reach 30%, the bottom would be at $51,000. New whales (= ETF buyers) entered on average at $56,000.
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