- Bitcoin shows selling pressure, lacks new capital inflow, causes sideways market.
- MSTR’s holdings mitigate likelihood of steep 70% price drop.
- Market reactions suggest cautious optimism despite price resistance.
CryptoQuant’s CEO, Ki Young Ju, highlighted Bitcoin’s ongoing price pressure and stagnant market capitalization, citing a lack of new capital inflows through a statement on the X platform.
Persistent selling pressure and diminishing inflows suggest a sideways market for Bitcoin, reflecting stalled trader optimism and potential resistance to significant value drops.
Persistent Bitcoin Pressure as Market Lacks New Capital
Bitcoin’s price, according to Ki Young Ju of CryptoQuant, faces persistent selling pressure due to stagnant market capitalization and a lack of new capital inflows. The absence of substantial fund entries indicates a sideways consolidation rather than a steep market decline.
Market dynamics are changing as early holders, benefiting from unrealized gains, cash out. MicroStrategy’s significant holdings further stabilize the market, reducing the chance of a notable decline reminiscent of earlier cycles.
BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.
The community reaction is mixed, with some investors expressing frustration while others show cautious optimism. Ki Young Ju’s statements on the X platform steer the conversation, encouraging patience and emphasizing Bitcoin’s potential for gradual improvement.
Historical Trends Reveal Bitcoin’s Resilience Amid Fluctuations
Did you know? In past cycles, Bitcoin’s market dominance shifts have often preceded altcoin market growth, impacting market strategies.
Bitcoin (BTC) currently trades at $78,664.96, with a market cap of $1.57 trillion and a dominance of 59%. Over the last day and seven days, Bitcoin’s price dropped by 6.27% and 11.40%, respectively, according to CoinMarketCap.
Insights from Coincu research suggest that Bitcoin may continue to experience fluctuations without major regulatory changes. Past market behavior supports potential stabilization if external pressures remain consistent, allowing investors to leverage altcoin opportunities. Ki Young Ju, CEO of CryptoQuant, noted that, “Bitcoin improves with time.”
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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