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CryptoQuant CEO: The inflow of funds from treasury companies and ETFs has ended the Bear Market.
On November 11, CryptoQuant founder Ki Young Ju tweeted, “Since Bitcoin's price fell to $100,000, whales have cashed out billions of dollars. I mentioned at the beginning of the year that the bull run cycle had ended, but the fund inflows from MSTR and ETF have put an end to the Bear Market. If these funds stop flowing in, sellers will regain dominance. Currently, the selling pressure remains high, but if you believe the macroeconomic outlook is strong, now is a good time to buy.”