CryptoQuant CEO Ki Young Ju expressed uncertainty about whether Bitcoin has reached its cycle bottom. In a recent post, he highlighted a logarithmic chart indicating that Bitcoin appears far from the bottom when viewed from a traditional cycle perspective. Historically, major cycles have seen Bitcoin's price touch the realized price, suggesting a potential deviation if this pattern does not repeat. Ju noted that as Bitcoin's price nears investors' cost basis, the risk-reward ratio becomes more favorable.