CryptoQuant CEO: Bitcoin is currently in the mid-term of the current bull market cycle
CryptoQuant CEO Ki Young Ju stated that Bitcoin is currently in the mid-term of its current bull market cycle. He outlined a chart showing that the actual market value of Bitcoin is "growing faster than its realized market value", which is a variant of market value, valued at the last moving price of each UTXO. This trend usually lasts for two years, meaning that the ongoing bull market will end in about 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.
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