In a recent update, Ki Young Ju, the CEO of CryptoQuant, highlighted the current dynamics of the Bitcoin market, noting the significant activity in spot trading volumes hovering around $100,000. He indicated that during distribution phases, liquidity tends to diminish, leading to potential price corrections. A central concern among analysts is the sustainability of the market and the introduction of new liquidity to alleviate fears of a prolonged bear market. Ju suggests that a substantial consolidation phase could be on the horizon, potentially mirroring trends observed in early 2024, where Bitcoin might oscillate between $75,000 and $100,000. Investors will be closely monitoring market developments as they could pave the way for renewed bullish sentiment and a rebound in trading intensity.
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