According to CryptoQuant CEO Ki Young Ju, Bitcoin (BTC) is not yet in a bubble and is likely to continue its bullish trend. Ju analyzed that a large inflow of capital into the crypto market has been observed in recent weeks, indicating a strong bullish sentiment among investors. Ju also highlighted that retail investors are currently less active in the market, while whales are dominating the accumulation of BTC. This shift has become increasingly evident in the market and is reflected in on-chain data. Despite short-term corrections that may occur, Ju believes that the bull cycle for BTC is unlikely to experience a drop of more than 30%. Even if such a correction does occur, it is expected to be short-lived, with BTC likely to rise by more than 30% subsequently.

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