Bitcoin’s Bull Cycle to Continue Despite Market Decline, Says CryptoQuant CEO Ki Young Ju

  • CryptoQuant CEO Ki Young Ju has released a comprehensive evaluation of current market conditions, scrutinizing the state of the cryptocurrency landscape.
  • Known for his proficiency in on-chain data analysis, Ju’s insights are particularly valued during volatile market phases.
  • “The Bitcoin bull cycle is likely to last until early next year,” Ju asserts, emphasizing the importance of cautious trading practices among investors.

An expert review of the cryptocurrency market by CryptoQuant CEO Ki Young Ju, offering key insights and strategic recommendations for investors during turbulent times.

Market Decline and Analysis

Bitcoin currently hovers around $56,400, continuing its descending trajectory. This price drop is exacerbated by panic-induced massive BTC transactions, resulting in substantial selling pressure that far outstrips supply from governmental channels and MTGOX distributions. Ju’s observations highlight the surge in market activity and the double-digit losses endured by altcoins. He states, “While the Bitcoin bull market may extend into the coming year, investors should employ dollar-cost averaging, particularly as prices might fall to $47,000. Unseasoned traders should refrain from high-leverage futures positions.” He stresses the importance of conducting personal research and maintaining vigilance, reinforcing his advice with a warning against speculative risk.

What Awaits Investors?

Positive employment figures and wage growth metrics have emerged lately, despite unemployment edging above 4% and wage growth deceleration. Adjusted non-farm payroll statistics indicate delayed weakening, nudging Bitcoin prices to the $57,000 range. Market analysts now predict a potential dual rate cut from the Federal Reserve before year-end. Moreover, progress towards the 2% inflation benchmark by the Federal Reserve is poised to invigorate risk markets in future deliberations.

Prudent Strategies for Investors

To navigate the volatile market landscape, Ju advises:

  • Utilizing dollar-cost averaging for more stable spot trading outcomes.
  • Avoiding high-leverage futures trades for those lacking expertise in the area.
  • Prioritizing personal due diligence before making investment decisions.
  • Keeping abreast of Federal Reserve policies and market indicators.

The fate of cryptocurrency investments throughout the month of July remains uncertain, heavily influenced by the timing and extent of MTGOX returns. The market awaits clarity on whether a significant portion will be liquidated for cash or reintegrated as BTC.


In conclusion, the current cryptocurrency market, marked by Bitcoin’s declining prices and heightened market activity, requires informed and cautious trading strategies. Investors are urged to employ dollar-cost averaging, avoid high-leverage trades, and remain attentive to ongoing market developments and Federal Reserve announcements. By following these prudent strategies, investors can better navigate the uncertainty and potential volatility ahead.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

XRP Price Targets $0.76 as SEC Meeting Boosts Investor Interest

XRP price has shown resilience...

Sygnum Bank Sees Massive Growth in Bitcoin and Ethereum Trading, Reports Record First Half of 2024

Sygnum Bank, a prominent crypto bank headquartered...

Bitcoin ETF Inflows Surge as Ethereum ETFs Face Record Outflows

The crypto ETF market experienced a notable...

Ethereum ETFs See $133.16M Net Outflow on Second Day of Trading

The United States spot Ethereum...

PRO Analysis

Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

Sygnum Bank Sees Massive Growth in Bitcoin and Ethereum Trading, Reports Record First Half of 2024

Sygnum Bank, a prominent crypto bank headquartered in Switzerland, reported a profitable first half of 2024, attributable to a sharp increase in...

Bitcoin Falls Below $64,500 Amid 3.40% Market Decline: Key Market Insights

Current trends in the crypto market have shown notable movements and regulatory discussions. The combined spot Bitcoin...

Bitcoin ETF Inflows Surge as Ethereum ETFs Face Record Outflows

The crypto ETF market experienced a notable shift on Wednesday with a resurgence in Spot Bitcoin ETF inflows. In contrast, Ethereum...