CryptoQuant CEO: The current Bitcoin address return level is at the median of the cycle
Bitget2024/11/08 07:39
CryptoQuant CEO Ki Young Ju posted that he has created periodic buy/sell signals for Bitcoin by combining on-chain cost basis indicators, triggering only 1-2 times per cycle. The on-chain price reveals the profitability of the wallet. Currently, the Bitcoin wallet shows a return of +127%, a figure which is usually -24% at the low point of the cycle and 298% at its peak. These cycles can be used to create preset alerts for long-term traders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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