'We're in a Bull Market': CryptoQuant CEO on Epic Bitcoin Sell-off

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Despite corrections, CryptoQuant CEO Ki Young Ju said market is in bull cycle

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. Rather, it is a general observation of the Bitcoin market's volatility. Notably, pullbacks occur naturally and can happen even when prices are rising.Young Ju, however, called on investors to manage their risks properly. This suggests that investors should avoid panic-selling during temporary dips, which are often mistaken for the end of a bull market.

Young Ju refers to this as the"local bottom," which could offer opportunities for those with long-term perspectives. Although Young Ju insists that Bitcoin is still in a bullish phase, as of this writing, BTC has lost 4.94% of its value in the last 24 hours and nowBefore rebounding, the coin dipped to $92,410 in earlier trading. Despite these fluctuations, trading volume has risen by 54.20% to $88.72 billion, indicating that some investors have not given up on the coin’s potential.

 

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