According to Ki Young Ju, the CEO of CryptoQuant, the current drop in Bitcoin's price does not indicate the end of the bullish cycle for the broader crypto market. He believes that even if Bitcoin experiences a 30% drop from its all-time high, it would simply be a normal price correction within a bull cycle. Former Binance CEO Changpeng Zhao shares the same sentiment, advising investors not to panic. Despite the volatility, there is still active trading in Bitcoin, with its trading volume experiencing a significant increase. Analysts see the next few days as critical for determining Bitcoin's price direction and overall sentiment in the market.



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