The wider digital currency system is cooled Huge squares It has been registered in the past few weeks. Speaking to more than 408,400 followers on X, Cryptoquant Ki Young Ju said that anyone who was best -selling for panic was most likely “NOOB”.
Common Bitcoin recovery
To justify his assurances, the higher analyst said 30 % correction in the Bitcoin Bull cycle is not uncommon. In the 2021 bull cycle, he said that the upper currency fell up to 53 % but recovered to the highest level (ATH).
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On the accompanying graph that he shared, the Bitcoin price has always seen a decrease in the main market courses, including 2017 and 2020 sessions. The currency usually corrected by default after recording the price discovery movement. However, note that this usually does not mean the end of the bull cycle.
In the follow -up publications, the higher analyst participated in visions stating that the market may still swing on a large scale, but the bull cycle remains intact.
According to Ki Young JU, buying any encrypted currency when prices and selling rise when they drop is the “worst investment strategy” that anyone can adopt. He advised Crypto Degens to invest with a clear plan, a position that other analysts note should come without loss.
Bitcoin state and altcoins
The uncertainty continued in the macroeconomic economy in the weight of Bitcoin, and the war of customs tariffs in North America will be the winds of risky assets.
At the time of this report, the Bitcoin price decreased by another 2.9 % in 24 hours to 85,984.77 dollars. Last week, the currency decreased by 11.63 %, with the coin registration It is February 11 years old.
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Based on its strong hegemony on the market, Altcoins has planned a similar negative direction to BTC. Ethereum decreased by 4.6 % in 24 hours to $ 2,349.72, XRP lost 3.66 % to $ 2.205, and Solana decreased by 0.67 % to $ 139.40.
With Crypto Fear & Greed Index Show extreme fearThe rotation of the periodic box is possible in the short term.
