Ki Young Ju emphasized that the decline in Bitcoin’s price is primarily due to ongoing selling pressure and insufficient capital inflows. Early holders have realized profits from previous ETF and MSTR purchases, but selling pressure still looms.
Ju indicated that unless MSTR’s Saylor liquidates his holdings, a significant drop similar to past cycles is unlikely. He believes that the current bear market may unfold with extensive sideways trading instead of forming a clear bottom.
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