🎉🎉Good news! The latest data from Ki Young Ju, CEO of CryptoQuant, shows that Bitcoin is still in a bull cycle! 🚀🚀

However, whales seem to be avoiding risks and reducing futures contract positions. At the same time, the selling pressure from miners and long-term holders is also increasing. 😱😱

In addition, Coinbase's negative premium and the $47,000 entry price difference for traders are also worthy of our attention. 😮😮

In terms of capital inflows, new capital inflows to ETFs and custodial wallets seem to have decreased. 😔😔

Finally, ETH's demand exceeds BTC, which may indicate the early arrival of the altcoin season. 🎊🎊

In general, although Ki Young Ju remains bullish on Bitcoin in the long term, he also reminds us to avoid excessive risks. 👀👀

So, let us look forward to the future of Bitcoin together! 🎉🎉