🔥 Key Takeaways
Bitcoin’s Unlikely Crash
Contrary to the expectations of many, Bitcoin will not crash by 50% this time, according to Ki Young Ju, a top analyst at CryptoQuant. This forecast may come as a relief to investors who have been bracing themselves for a significant downturn. However, Ju’s prediction is not entirely positive, as it suggests that the lack of a major crash is not a sign of a healthy market, but rather an indication of a different kind of problem.
The Unpleasant Nuance
The fact that Bitcoin’s price is not crashing by 50% is not good news, as it implies that investors are not willing to exit the market. This lack of willingness to sell could be a sign of a larger issue, as it suggests that investors are holding on to their assets despite the current market conditions. This could lead to a period of stagnation, where the price of Bitcoin remains stable, but fails to make any significant gains. According to Ju, Bitcoin’s strategy shows no signs of changing, which means that the cryptocurrency’s fate is largely determined.
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