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CryptoQuant CEO: Current Bitcoin address return level is in the mid-cycle

CryptoQuant CEO: Current Bitcoin address return level is in the mid-cycle

CointimeCointime2024/11/08 07:34
By:Cointime

 CryptoQuant CEO Ki Young Ju stated that by combining on-chain cost-based indicators, they have created periodic buy/sell signals for Bitcoin that only trigger 1-2 times per cycle. On-chain implementation prices reveal wallet profitability. Currently, Bitcoin wallets show a return of +127%, which is typically -24% at cycle lows and 298% at cycle highs. Long-term traders can create preset alerts based on these cycles.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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