CryptoQuant CEO: Bitcoin miners’ capitulation is still ongoing, the market may remain flat in 2-3 months
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.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
HOMEUSDT now launched for futures trading and trading bots
Bitget Announcement•2025/06/10 11:27
Bitcoin Price Prediction: Fakeout or Breakout? BTC Above $109K – What’s Next?
Cryptoticker•2025/06/10 11:24
New user Giveaway – $100,000 BTC Airdrop!
Bitget Announcement•2025/06/10 10:30
New user Giveaway – $100,000 BTC Airdrop!
Bitget Announcement•2025/06/10 10:30
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$109,660.83
+2.02%
Ethereum
ETH
$2,749.7
+8.21%
Tether USDt
USDT
$1
-0.03%
XRP
XRP
$2.29
+1.20%
BNB
BNB
$662.14
+0.98%
Solana
SOL
$159.12
+1.85%
USDC
USDC
$0.9997
-0.02%
Dogecoin
DOGE
$0.1928
+3.72%
TRON
TRX
$0.2907
+2.87%
Cardano
ADA
$0.6948
+2.97%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now