Ki Young Ju stated that a considerable number of analysts anticipated a significant decline in the market due to mass profit-taking by short-term holders of the first cryptocurrency after the asset surpasses a new psychologically important level of $100,000.

However, according to the head of CryptoQuant, selling Bitcoin now could be a "fatal investment mistake." Young Ju urged Bitcoin investors not to sell their assets and assured that BTC is going through a pricing phase, and an exit from the market too early could be unreasonable.

The CEO of CryptoQuant mentioned that even very experienced crypto traders can act impulsively. For example, four years ago, at the moment of the local surge in Bitcoin's market value to $50,000, he himself succumbed to temptation and closed his Bitcoin position out of emotion, which he subsequently regretted multiple times.

The day before, the first-ever real estate transaction in the history of France took place in the city of Gap, specifically the purchase of parking spaces, for Bitcoins. The intermediary was the platform Bitcoinimmo.