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CryptoQuant CEO: Holding Spot is Safe, Selling or Shorting Now is Extremely Unwise
Summary: In a recent post on X platform, CryptoQuant founder and CEO Ki Young Ju analyzed that if one only holds Bitcoin spot without engaging in futures trading, the current Bitcoin price seems to be in an area suitable for accumulation. From the perspective of on-chain cycles, the bull market cycle may have ended earlier this ...
In a recent post on X platform, CryptoQuant founder and CEO Ki Young Ju analyzed that if one only holds Bitcoin spot without engaging in futures trading, the current Bitcoin price seems to be in an area suitable for accumulation. From the perspective of on-chain cycles, the bull market cycle may have ended earlier this year when Bitcoin touched around $100,000. According to classic cycle theory, the market should retrace to around $56,000, but macroeconomic conditions indicate that global liquidity injections have begun, and market sentiment could rebound at any time. Selling or shorting at this time is extremely unwise.
Ki Young Ju added that he may have made a wrong judgment and is no longer using leverage, so he is not very good at timing the market entry, but still remains confident in the long-term trend.
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Link: CryptoQuant CEO: Holding Spot is Safe, Selling or Shorting Now is Extremely Unwise [Copy]
