<ul><li>CryptoQuant's CEO, Ki Young Ju, believes that Bitcoin's rally is fading and sees a bearish future for the cryptocurrency market.</li><li>His theory is based on the dynamics between Bitcoin's Realized Cap and Market Cap, with Realized Cap reflecting the cost at which each Bitcoin was last moved between wallets.</li><li>Ju argues that the recent rise in Market Cap can be misleading, as it can happen even with minimal buying activity, creating a false sense of bullishness.</li><li>He interprets the divergence between the rising Realized Cap and declining Market Cap as a signal of a sustained bearish trend, highlighting the need for a reduction in selling pressure for a substantial rally.</li></ul>

Bitcoin’s Rally Fades: Why CryptoQuant’s CEO Sees a Bearish Future

Discover more