Did we come to a new turning point in the crypto money market? Cryptoquant CEO, Young Ju, says Bitcoin is no longer in the bull market and seized full control of bears. In particular, the price of BTC, which circulates at 82,000 dollars, creates an uncertainty for investors. However, Ju clearly states that we have come to the end of this rise based on technical indicators.
Ju’s analysis is not only done by looking at the price. Acting through the differences between Bitcoin’s market value and the “market value ında, CEO also explains why new capital inflows in the market are not reflected in prices. As Kriptokoin.com, we transfer the details.
Why does the price count in place while the market value increases?
The basic basis of Ju’s basic basis is the break between the “realized cap”, the market value and the classical market value. The market value of the realization is valued at the last price of each BTC. This is a critical indicator to measure the impact of the new money.
According to Ju, fresh capital is entering the market, but prices do not react to this money. This indicates that sales pressure has increased and the market is no longer guided by buyers, not by buyers. For example, even the $ 1.92 billion BTC purchase by Strategy could not create a leap at the price.
BTC technical indicators also alarm
Not only on chain data, but also graphic formations point to the bear market. BTC is currently consolidated in Bearish Pennant, one of the decrease formations. This may be a harbinger of a new wave of fall in the near term.
Some analysts argue that it is likely to withdraw to $ 80,000, while Young Ju draws a more pessimistic picture. According to him, Bitcoin can take at least 6 months to recover from this decline. Even if there is a recovery in the short term, this may not be a permanent turn.
The market is losing confidence, but is BTC still a value of value storing?
Despite the bear market warnings, some government officials draw attention to the long -term potential of Bitcoin. US Treasury Minister Scott Bessent compared BTC with gold and praised it as a “value storage tool .. This interpretation shows that the institutional confidence in Bitcoin is not completely shaken.
However, considering the technical and over -chain data, it would not be wrong to say that the bull season has ended for now and that investors should be cautious. The eyes will now be in the Fed’s interest rate decisions and in the chain sales edition. Because these factors will be the greatest indicators to determine the future of BTC.
BTC bull is over, so what will be the subcoins?
In this period when the Bitcoin bull season ends, there is only one question in the minds of investors: Does the Altcoin season begin? According to the famous CEO, the slowdown in Bitcoin may cause capital to shift to alternative crypto beings. This shows that there may be moving days in the Altcoin market in the coming weeks.
