CryptoQuant CEO: Bitcoin miners’ capitulation is still ongoing, the market may remain flat in 2-3 months

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Odaily2024/07/09 17:33

By:Odaily

Odaily News Ki Young Ju, founder and CEO of CryptoQuant, wrote that Bitcoin miners’ capitulation is still ongoing. Historically, this ratio ends when the daily average mining value reaches 40% of the annual average, but now the ratio is 72%. It is expected that the cryptocurrency market will perform flat in the next 2-3 months, and it will remain bullish in the long term, but avoid excessive risks.

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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