Cryptoquant CEO： The bull market cycle of Bitcoin has ended, and large funds are difficult to push up prices

According to a report by Golden Finance, Cryptoquant CEO Ki Young Ju stated in an article that the bull market cycle of Bitcoin has ended. By analyzing the realized cap in on chain data, it is pointed out that the market is currently showing typical bear market signals: although funds continue to flow into the market, prices have not risen accordingly. Ki Young Ju explained that when small funds can drive prices up, it indicates a bull market; When large funds cannot push up prices, it means a bear market is coming. He said that although selling pressure may ease at any time, based on historical experience, a true market reversal usually takes at least six months, and the possibility of a rebound in the short term is low.