CryptoQuant CEO: No need to fear holding spot; selling or shorting at this time is extremely unwise

ChainCatcher News, CryptoQuant founder and CEO Ki Young Ju analyzed on the X platform: If you only hold bitcoin spot without trading futures, the current bitcoin price seems to be a suitable range for accumulation. From the perspective of on-chain cycles, the bull market cycle may have ended earlier this year when bitcoin reached around $100,000. According to classic cycle theory, the realized market price should fall back to around $56,000. However, the macroeconomic situation indicates that global liquidity injections have begun, and market sentiment could rebound at any time. Selling or shorting at this point would be extremely unwise.

Ki Young Ju added that he could also be wrong in his judgment. He no longer uses leverage, so he is not very good at timing entries, but he still remains confident in the long-term trend.