The CEO of the analytical platform CryptoQuant, Ki Young Ju, shared his insights on the current state of the Bitcoin market, describing it as favorable for long-term accumulation of the asset. According to the expert, during a period when derivatives trading is not dominant, holding Bitcoin in a spot portfolio may be a profitable strategy for investors.
This is reported by Finway
End of the Bull Cycle and Price Fluctuation Forecast
Ki Young Ju noted that according to on-chain data, Bitcoin has completed its bull cycle, reaching an all-time high of around $100,000. Traditionally, after such a peak, the price may decline to the realized value, which currently stands at about $56,000. However, the analyst believes that such a significant drop is unlikely due to the activity of major players in the market, particularly the company MicroStrategy, which continues to hold a substantial amount of coins.
Liquidity Expectations for 2025
According to Ju’s forecast, liquidity in the market is expected to recover by mid-2025. This process will be influenced by macroeconomic factors, including potential actions by governments that may be compelled to inject capital for political reasons. The analyst emphasized that such developments could shift market sentiment and lead to increased investor activity.
“Moreover, macroeconomic conditions indicate that governments will be forced to inject liquidity for political reasons by the middle of next year, so sentiment could recover at any moment. In my opinion, selling or shorting now is a bad idea,” said Ki Young Ju.
The expert also mentioned that he has currently refrained from using leverage in trading, but remains optimistic about Bitcoin’s long-term prospects. Previously, CryptoQuant predicted that if the U.S. Federal Reserve does not lower the interest rate, Bitcoin will trade in the range of $60,000 to $80,000.