The broader digital currency ecosystem has experienced a decrease in activity after recent liquidations. CryptoQuant founder Ki Young Ju stated that panic-selling at this time is likely a sign of inexperience. He pointed out that a 30% correction in a Bitcoin bull cycle is common, using the example of a 53% drop in the 2021 cycle that ultimately led to an all-time high. Ju shared a chart showing that Bitcoin has historically experienced similar drawdowns in previous market cycles, indicating that a correction does not necessarily mean the end of a bull cycle. He advised investors to have a clear investment plan instead of buying when prices rise and selling when they fall. Despite macroeconomic uncertainties affecting Bitcoin, Ju suggested that the bull cycle remains intact. Bitcoin's price has fallen 2.9% in the past 24 hours, while altcoins like Ethereum and XRP have also seen negative trends. The Crypto Fear & Greed Index indicating extreme fear suggests that cyclical fund rotation may occur in the short term.



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