Bitcoin Bull Market: CEO Says Not Over Yet, No Rush to Peak

The CEO of CryptoQuant, Ki Young Ju, has recently shared his insights on the current state of the cryptocurrency market, particularly Bitcoin. In a social media post, Ju stated that the Bitcoin bull market cycle is not yet over, and there is no need to rush in determining the cycle peak. He pointed out that the Bitcoin buying engine is still running, and the market downturn in 2021 occurred two months after the exhaustion of inflows into GBTC.

Ju's comments come as the cryptocurrency market continues to experience volatility, with Bitcoin's price fluctuating in recent weeks. Despite the fluctuations, Ju believes that the bull market is not over yet, and investors should not be hasty in trying to determine the peak of the cycle. He suggests that before ETFs, MicroStrategy, and institutional purchases slow down, there is no need to rush in making decisions.

CryptoQuant is a South Korean blockchain data provider that offers on-chain data and analytics tools for cryptocurrency investors and traders. The company's CEO, Ki Young Ju, is known for his insights on the cryptocurrency market and has been sharing his views on social media platforms.

Ju's comments are in line with the broader sentiment in the cryptocurrency market, where many investors and analysts believe that the bull market is not yet over. Despite the recent volatility, the long-term outlook for Bitcoin and other cryptocurrencies remains positive, with many expecting further growth in the coming years.

As the cryptocurrency market continues to evolve, investors and traders will be keeping a close eye on the developments and insights shared by industry experts like Ki Young Ju. With the market's volatility and the potential for significant gains, it is essential for investors to stay informed and make strategic decisions based on the latest information and analysis.