CryptoQuant CEO: The market may have entered a bear market, still holding BTC spot

Golden Finance reports that CryptoQuant CEO Ki Young Ju stated that despite being bullish on the market for the past two years, current data has significantly weakened and the market may have entered a bearish phase. He pointed out that indicators based on realized market value show a lack of new liquidity, large trading volumes near $100,000 failed to drive prices up, while ETFs have seen capital outflows for three consecutive weeks. He emphasized he would not short Bitcoin and will continue to hold spot positions. Previous news reported that CryptoQuant's CEO believes the Bitcoin bull cycle has ended.