CryptoQuant CEO: Bitcoin may undergo long-term consolidation in the range of $75,000 to $100,000

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media: "The Bitcoin spot trading volume is very active around $100,000. During the distribution phase, when new liquidity dries up, prices will fall. The key question regarding whether the Bitcoin market will face a multi-year bear market is: where will the new liquidity come from?

I believe we may see a long-term consolidation similar to early 2024 (for example, between $75,000 and $100,000) until Bitcoin experiences positive news that brings new liquidity."