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CryptoQuant CEO: The market weakness is beyond expectations, and a strong rebound may not occur in the next 3-6 months.
On November 21, Ki Young Ju, the founder and CEO of CryptoQuant, posted an analysis on the X platform indicating that the market weakness exceeded expectations. If this situation continues, Bitcoin may not see a strong Rebound in the next 3-6 months. The real bull run will only start once liquidity recovers next year. Additionally, Ki Young Ju cited the views of macroeconomic expert @LukeGromen, stating that foreign demand for U.S. Treasury bonds is weak. Without new liquidity injections, the U.S. Treasury market will become unstable. Once liquidity recovers next year, the prices of scarce assets like gold and Bitcoin should rise. Notably, this morning, Ki Young Ju also mentioned that holding Spot is not a concern, and selling or shorting at this time is extremely unwise.