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CryptoQuant CEO: Market Weakness Beyond Expectations, Strong Rebound Unlikely in the Next 3-6 Months
BlockBeats News, November 21st, CryptoQuant founder and CEO Ki Young Ju published an analysis on the X platform, stating: the market weakness exceeds expectations. If this situation persists, Bitcoin may not see a strong rebound in the next 3-6 months. The real bull market rally is expected to start next year after liquidity recovers.
In addition, Ki Young Ju quoted macroeconomic expert @LukeGromen's view that there is weak demand for US Treasury bonds from abroad. If there is no new liquidity injection, the US Treasury bond market will become unstable. Once liquidity recovers next year, the prices of scarce assets such as gold and Bitcoin are expected to rise.
It is worth noting that this morning, Ki Young Ju also stated in a post that holding spot positions is not to be feared, and selling or shorting at this time is extremely unwise.
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