CryptoQuant CEO: Unsure if Bitcoin Has Bottomed; From a Traditional Cycle Perspective, It Is Still Far from the Bottom

Odaily News: Ki Young Ju, CEO of CryptoQuant, stated on the X platform that he is unsure whether Bitcoin is at the cycle bottom. A logarithmic chart he posted shows that from a traditional cycle perspective, Bitcoin still appears far from a bottom, as each major cycle has previously touched the realized price; if it does not happen this time, perhaps "this time is different." When the price approaches the investor cost basis, the risk-reward ratio improves significantly.