CryptoQuant CEO: Selling or shorting at this time is extremely unwise; market sentiment could rebound at any time.

According to Odaily Planet Daily, Ki Young Ju, founder and CEO of CryptoQuant, analyzed on the X platform that if one only holds Bitcoin spot without engaging in futures trading, the current Bitcoin price seems to be a suitable area for accumulation. From an on-chain cycle perspective, the bull market cycle may have ended earlier this year when Bitcoin reached around $100,000. According to classic cycle theory, the market has realized a price drop to around $56,000. However, the macroeconomic situation indicates that global liquidity has begun to be injected, and market sentiment could rebound at any time. Selling or shorting at this point would be extremely unwise. Ki Young Ju added that he might also misjudge the situation, and since he no longer uses leverage, he is not very good at timing entries, but he remains confident in the long-term trend.