CryptoQuant CEO: Bitcoin is currently in the middle of the current bull cycle
Ki Young Ju, CEO of CryptoQuant, stated in a post that Bitcoin is currently in the middle of the current bull market cycle. He outlined a chart that shows Bitcoin's actual market value "growing faster than its realized value," which is a variant of market value that values it based on the last movement price of each UTXO. This trend typically lasts for two years, meaning that the ongoing bull market will end in around 11 months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Central banks’ gold stash now at 12.1% – A level unseen since the 90s
Share link:In this post: Central banks now hold 12.1% of the world’s gold reserves, the highest since the 90s, with China, India, Turkey, and Poland leading purchases. Gold prices hit a record $2,772 per ounce this week, up 33% this year, and outperformed major stock markets since 2022. Political and economic shifts are pushing countries to rely less on the dollar, with rising demand for gold as a stable, “safe haven” asset.
US and Nigeria Collaborate to Combat Crypto Crime
XRP Holds Strong at $0.51 Support, Can Bulls Push the Price Higher?
Bitcoin ETF Inflows Near $1B This Week Alone as Investors Double Down
Trending news
MoreCrypto prices
More
