CandleFocus Bitcoin's Fall Has Been Alarming! Should We Really Be Afraid? CryptoQuant CEO Explained!
2024-11-26
Author: Content Editor
Bitcoin (BTC) fell by more than 7% in the last 24 hours, dropping to $91,500 after reaching $100,000. However, CryptoQuant CEO Ki Young Ju stated that such declines are normal, emphasizing that Bitcoin is still in a bull market and could experience a 30% drop even during an uptrend. Ju cited examples from 2021 when similar pullbacks occurred during Bitcoin's rise. He expects short-term declines but does not anticipate a major correction. Ju advised investors not to panic sell during these dips and to manage their risks.
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