CryptoQuant CEO claims that bitcoin's bull cycle has ended at $100,000
CryptoQuant CEO Kee Young Joo said that bitcoin has completed its bull cycle, reaching the $100,000 mark. In his opinion, the market is at the stage of long-term accumulation, as there is no significant trading in derivatives. A drop in the price of bitcoin to around $56,000 seems unlikely due to the activity of major players in the market.
Source Incrypted
Joo also noted that the current macroeconomic conditions indicate a likely liquidity injection by governments by mid-2026, which could push prices higher. He believes it is best to avoid selling or short positions at this time. He also said that liquidity in the market is expected to recover in the near term.
