CryptoQuant founder Ki Young Ju says Bitcoin miners are no longer under selling pressure, with MARA's average mining cost at $59,774, below the market price. Network hashrate has risen for two straight months after nine months of declines, which he says signals miners are bullish.
OdailyThe story so far: Ki Young Ju bitcoin market outlook
CryptoQuant founder Ki Young Ju said in early October that the bitcoin bull market had begun and later said the bear cycle is over, expecting gains or sideways trading over 12 to 24 months. He now says fresh capital is entering Bitcoin, citing the realised cap chart as a bull-market signal.
CryptoQuant founder says Bitcoin bull market has begun, sees 3-5x gain this cycle
CryptoQuant founder Ki Young Ju said the Bitcoin bull market has begun and is in the early stage of a new cycle, with ETFs now a main source of liquidity. He said Bitcoin reclaimed the key annual level of $83,000 in late September and expects a 3-5x gain this cycle.
Ki Young Ju turns bullish, saying Bitcoin bear market is over
CryptoQuant founder Ki Young Ju said Bitcoin's bear cycle has ended and expects the market to rise or trade sideways over the next 12 to 24 months, adding that its market structure has changed. He said the view is his own and not a market consensus.
Ki Young Ju says Bitcoin miners no longer face selling pressure
CryptoQuant founder Ki Young Ju says Bitcoin miners are no longer under selling pressure, with MARA's average mining cost at $59,774, below the market price. Network hashrate has risen for two straight months after nine months of declines, which he says signals miners are bullish.
Ki Young Ju says on-chain cost basis points to $30,000 Bitcoin floor
CryptoQuant founder Ki Young Ju says ETFs have brought in $58bn and Bitcoin treasury companies hold 1.3m BTC, yet on-chain cost basis still points to a floor near $30,000 even if those funds and holdings all exit. He says $10,000 would mean an MVRV of 0.2, against Bitcoin's worst historical bottom of 0.6.
Ki Young Ju says fresh capital is entering Bitcoin
CryptoQuant CEO Ki Young Ju said fresh capital is flowing into Bitcoin, citing the realised cap chart and calling it a signal seen only in bull markets. He had earlier said Bitcoin's bearish cycle was over, expecting gains or sideways trading over 12 to 24 months.
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