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TechFlow reports, CryptoQuant CEO and founder Ki Young Ju stated that Bitcoin miner capitulation continues. Historical data shows that capitulation ends when the daily mining value drops to 40% of its annual average; currently, this ratio stands at 72%.
Ki Young Ju expects the crypto market to remain relatively flat over the next 2-3 months, advising a long-term bullish outlook while avoiding excessive risk-taking.
CryptoQuant CEO Ki Young Ju stated that Bitcoin miner capitulation continues. Historical data shows capitulation typically ends when daily mining value drops to 40% of its annual average, while the current level stands at 72%. Ki Young Ju expects the crypto market to remain relatively flat over the next 2-3 months, advising a long-term bullish outlook but cautioning against excessive risk-taking.
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