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Bitcoin and Crypto Markets To Remain Slow Until This Happens, According to CryptoQuant CEO

  • The CryptoQuant CEO, Ki Young Ju, believes that Bitcoin and crypto markets will likely remain slow until sentiment in the US improves.
  • The lack of significant on-chain activity and neutral key indicators suggests that the bull cycle for Bitcoin is still intact, with strong fundamentals.
  • The CEO states that if the cycle ends here, it would be an undesirable outcome for various stakeholders, including old whales, mining companies, and the traditional finance sector.
  • Regarding Ethereum, the CEO notes that it is not in a distribution phase, but the liquidity from retail traders and investors is weaker compared to the previous bull cycle.

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