💬 The CEO of CryptoQuant, Ki Young Ju, explains the current drop in Bitcoin due to ongoing selling pressure and especially due to the absence of new incoming capital.

According to him, Strategy has been a key driver of this rise and without a massive sale from Michael Saylor, a crash of -70% like in previous cycles remains unlikely.

But he believes that the bottom has not yet been clearly identified and the market could settle into a long phase of sideways consolidation.

$XRP