CryptoQuant CEO: Bitcoin miners’ capitulation is still ongoing, the market may remain flat in 2-3 months
Odaily2024/07/09 17:33
By:Odaily
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Odaily News Ki Young Ju, founder and CEO of CryptoQuant, wrote that
Bitcoin miners’ capitulation is still ongoing. Historically, this ratio ends when the daily average mining value reaches 40% of the annual average, but now the ratio is 72%. It is expected that the
cryptocurrency market will perform flat in the next 2-3 months, and it will remain bullish in the long term, but avoid excessive risks.
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