According to Odaily Planet Daily, CryptoQuant founder and CEO Ki Young Ju released this month’s data summary on X:
-Bitcoin is still in a bull cycle;
-Whales are in risk-off mode, reducing their futures contract positions;
-Selling pressure from miners and long-term holders;
-Negative Coinbase Premium;
- Difference from the trader’s entry price of $47,000;
- Lack of new inflows into ETFs and custodial wallets;
-ETH demand exceeds BTC, which may indicate the early arrival of the altcoin season. Overall, it remains bullish in the long term, but at the same time believes that excessive risks should be avoided.
