CryptoQuant founder: Funds are still flowing into Bitcoin, and the market could rebound at any time.
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TL;DR
CryptoQuant founder Ki Young Ju says Bitcoin isn't in a bear market as funds keep flowing in. A rebound is possible if whales stop selling and macro sentiment improves, with a key support level at $94,000.
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BitcoinCryptoQuantHalving TokensLayer 1market reboundfund flowsbear market
According to Mars Finance, Ki Young Ju, founder and CEO of CryptoQuant, stated in an article on the X platform that as long as funds continue to flow in, Bitcoin is not in a bear market, and funds are currently still flowing into Bitcoin. If OG whales stop selling and macro market sentiment reverses, Bitcoin could rebound at any time. Ki Young Ju previously pointed out that the cost basis for investors who entered the Bitcoin market 6-12 months ago is close to $94,000, and unless the price falls below that level, he does not believe a bear market cycle has begun.