According to Ki Young Ju, founder of blockchain analysis firm CryptoQuant, the recent decrease in Bitcoin's price fluctuations indicates a low level of excitement in the market. This falling volatility may indicate that the market is maturing; Although it may not be attractive to short-term traders, it may offer a more stable environment for long-term investors. According to CoinGecko data, Bitcoin price has fallen by 7.2% in the last 30 days and is currently trading just above $62,600.
Market Liquidity and Trading Activity
CryptoQuant data reveals that activity in the Bitcoin market by both buyers and sellers has slowed. Decreasing market activity may indicate that investors are hedging their positions in anticipation of decisive price movements and are experiencing a period of consolidation. Ki Young Ju also states that the liquidity required for investors to easily convert their positions into liquidity is not "ready" at the moment, and that the market has generally stalled.
External Factors Affecting Bitcoin
Recently, market pressure on Bitcoin has increased further with miners' sell-offs and financial regulations from the German government. However, CryptoQuant data shows that miners' sales to exchanges have decreased and coins that previously had difficulty finding buyers are slowly starting to find buyers. This change may indicate that the market is experiencing significant selling pressure and is moving towards potential stability.
Long-Term Investment Perspective
Current market conditions may offer a lucrative entry point for long-term Bitcoin investors, especially large-scale investors known as “whales.” Ki Young Ju thinks that now is the optimal time for these assets to accumulate Bitcoin, noting that the ongoing bull cycle remains intact, despite the current pause. His “boringness is opportunity” assessment highlights the potential for patient investors to benefit from future price increases.
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