According to TechFlow, CryptoQuant founder Ki Young Ju said that the continued accumulation of Bitcoin by large investors has become the norm, retail investors are staying away from the market, and large investors are dominating market dynamics.
In the current bull market, about $7 billion of capital flows into the market every week. Although there may be market corrections, the decline in this bull market cycle is unlikely to exceed 30%, and even if it occurs, it may be short-lived, and prices may rise by more than 30%.
Ki Young Ju believes that the peak of this Bitcoin cycle is still far away, and those who predict a bear market are not paying attention to on-chain data.
