CryptoQuant CEO: Now is a good time for long-term BTC accumulation, avoid shorts

Ki Young Ju, CEO of CryptoQuant, has assessed that now is a good time to purchase spot BTC from a long-term perspective. He explained that, from a cyclical viewpoint, the BTC bull market had already ended at the beginning of this year. According to traditional cycle theory, BTC should form a bottom after hitting its realized price of $56,000. However, Ju expressed doubt that it would actually fall to that level, as large players like Strategy are unlikely to sell. He added that market sentiment could improve at any time because governments may inject liquidity into the market for political reasons until the middle of next year. Ju concluded that selling or taking short positions would not be prudent at this time.