CryptoQuant CEO: If BTC price approaches key support level, demand may rebound

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media, "The net inflow rate of Bitcoin spot ETFs is slowing down. If the Bitcoin price approaches key support levels, demand may rebound. The new whales are mainly ETF buyers, with an on-chain cost basis of $56,000. In a bull market, corrections typically lead to a maximum drawdown of about 30%, with the maximum pain point at $51,000."