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Bitcoin’s cycle peak remains distant despite market fears

Ki Young Ju of CryptoQuant insists Bitcoin (BTC) is nowhere near its cycle peak, using on-chain data to support his claim. He emphasizes that over the past two years, Bitcoin has maintained an upward trend, challenging predictions of an imminent bear market.

Though significant, whale accumulation no longer shocks the market. Previously, whale activity spurred strong reactions, but now it’s part of a stable cycle. Ju indicates this change as a sign of Bitcoin’s maturity and current bullish conditions driven by consistent capital inflows.

Ju predicts corrections won’t exceed 30%, with recovery prospects exceeding 30%. He suggests Bitcoin hasn’t hit a bubble where price inflates greatly relative to investment. Skeptics are urged to offer stronger evidence for bear market arguments, with CryptoQuant’s data indicating continued growth.

This is community-generated content, not advice from ONUS.
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