CryptoQuant CEO Ki Young Ju has issued a warning to Bitcoin traders, stating that Bitcoin could experience a pullback or move sideways for months. Despite this, he remains uncertain about the end of the current bull cycle, as other on-chain indicators remain bullish. Ju advises caution for those trading with leverage, as leveraged positions could be vulnerable to liquidations. Bitcoin recently reached a new all-time high of $109,358 but is currently trading slightly below that level. The launch of a task force on U.S. digital-asset regulations by the Securities and Exchange Commission has also contributed to market optimism.



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