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CryptoQuant CEO: It is unclear whether Bitcoin has bottomed out; based on traditional cycles, it is still far from the bottom
Svmuu News: Ki Young Ju, CEO of CryptoQuant, posted on X stating that it is unclear whether Bitcoin is at the bottom of the cycle.The logarithmic chart he shared shows that, from a traditional cyclical perspective, Bitcoin still appears to be far from bottoming out; every major cycle has previously touched the realized price. If it does not reach that level this time, perhaps “this time is different.” When prices approach investors’ cost basis, the risk-reward ratio improves significantly.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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