TechFlow News, June 26: Ki Young Ju, CEO of crypto analytics firm CryptoQuant, stated that it remains uncertain whether Bitcoin has reached the bottom of its current cycle. Based on a logarithmic-scale chart analysis, he noted that, according to traditional cycle patterns, Bitcoin’s current price still does not appear to be nearing the bottom zone.
He further explained that risk-reward ratios typically improve significantly as price approaches investors’ cost basis; historically, Bitcoin’s price has touched its realized price in every major cycle. If this does not occur in the current cycle, it may indicate a market structure different from previous cycles.
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