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.