Bitcoin Bearish On-Chain Signals as Upward Momentum Depends on Macro Liquidity, Says CryptoQuant Founder Ki Young Ju

COINOTAG News reports, dated November 28, that CryptoQuant founder and CEO Ki Young Ju shared an updated assessment on social channels. He notes that several Bitcoin on-chain indicators have entered a bearish phase, reinforcing a cautious stance among investors and analysts.

According to the post, the trajectory for any renewed upside momentum will likely hinge on the prevailing macro liquidity environment, with tighter or looser liquidity shaping bid strength and risk appetite across crypto markets.

Market participants should track signals such as funding rates, exchange net outflows, and realized capitalization to gauge potential traction. Ki Young Ju’s commentary underscores the importance of data-driven, risk-managed analysis in a market where on-chain metrics reflect shifting liquidity conditions.