CryptoQuant founder outlines conditions for a Bitcoin bull trend

Ki Young Ju drew attention to significant pressure from large Bitcoin holders. The so-called whales began selling BTC worth billions of dollars when Bitcoin reached $100,000. This created an oversupply of the first cryptocurrency on the market, becoming one of the reasons for Bitcoin’s 20–30% correction from its all-time high of $126,025, the businessman suggested.

Taking into account the sell-off of Bitcoin by major investors, Ju is convinced that the bull rally in the crypto market of 2024–2025 has already peaked and shifted into a bearish trend. However, Ju now believes that a further market decline will not occur thanks to a large inflow of funds from companies like Strategy, which regularly buys BTC for long-term storage and is considered the largest corporate holder of Bitcoin. If large companies had no demand for Bitcoin, the crypto market would have turned red for a long time, said the CryptoQuant founder.

Significant inflows into exchange-traded funds (ETFs) linked to Bitcoin may also delay the onset of the bearish trend. If Strategy stops purchasing Bitcoin or reduces its buying volumes, and if capital inflows into Bitcoin ETFs slow down, cryptocurrency sellers will again dominate the market, Ju suggested. In his opinion, now is a favorable time to buy Bitcoin.

Earlier, Ki Young Ju predicted the growth of shadow stablecoins resistant to censorship, as token issuers have come under stricter regulatory scrutiny.

See also: "Analysts predict the end of the bearish trend for Bitcoin treasury companies’ stocks"

#Bitcoin (BTC) #Bullish trend

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