CryptoQuant CEO Ki Young Ju has indicated that Bitcoin is experiencing sustained selling pressure due to a lack of fresh capital inflows. He anticipates that this will lead to a prolonged period of sideways consolidation for the cryptocurrency, rather than a sharp price crash. This outlook suggests that Bitcoin may remain stable in the near term, as market dynamics adjust to the current capital environment.
CryptoQuant CEO Predicts Bitcoin Sideways Movement Amidst Selling Pressure
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
