CryptoQuant CEO: On-Chain Indicators Signal Bitcoin Bull Market is Back
According to Ki Young Ju, the head of CryptoQuant, on-chain data suggests that the Bitcoin bull market is back. Ju's Bitcoin bull-bear market cycle indicator, which tracks investor sentiment, has returned to a bullish state after a brief dip into bear territory. Ju believes that the bull market is still intact based on the data, but he may reconsider his conclusion if the market does not recover in the next two weeks. Ju also reported that 404,448 Bitcoin had moved to permanent holder addresses over a 30-day period, indicating accumulation.
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.
You may also like
Core Scientific Nets $580M in Q1 Despite Revenue Miss, Eyes AI and HPC Future
Nasdaq-listed Bitcoin miner Core Scientific Inc. has reported a net income of $580 million for the first quarter of 2025, more than double the $210 million recorded during the same period last year. However, the firm fell short of analyst expectations for revenue, signalling the growing impact of industry shifts and operational transformation.
Federal Reserve’s Tight Policy Affects Bitcoin Growth
[Initial Listing] Bitget Will List Doodles (DOOD). Come and grab a share of 7,250,000 DOOD !
SEC Settles Lawsuit with Ripple and Executives
Trending news
MoreCrypto prices
More
