CryptoQuant CEO: Bitcoin cycle price bottom could be around $56,000
2025-11-18 06:14:44
According to the latest analysis by Ki Young Ju, founder of CryptoQuant, the bitcoin futures market has shown signs of withdrawal by large investors, and is currently dominated by retail investors. The data shows that Coinbase Premium has fallen to a nine-month low, ETFs have seen net outflows for three consecutive weeks, and the market value growth on the chain has stagnated. Although the short-term market is weak and the US dollar is illiquid, analysts do not expect the inflow of bitcoin funds to stop completely in the next six months. If the cycle theory holds, the bottom of bitcoin price may be around $56,000. The current Binance deposit cost base is $57,000, indicating that traders have made considerable gains from ETFs and institutional inflows.
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