CryptoQuant CEO: Unsure if Bitcoin Has Bottomed, Still Far from Bottom from Traditional Cycle Perspective

Odaily Odaily reports that Ki Young Ju, CEO of CryptoQuant, posted on platform X stating that he is unsure whether Bitcoin is at a cycle bottom. His logarithmic chart shows that, from a traditional cycle perspective, Bitcoin still appears far from reaching a bottom. Each major cycle has touched the realized price; if this one does not, perhaps "this time is different." When the price approaches the investor cost basis, the risk-reward ratio improves significantly.