CryptoQuant CEO: Expect a Bitcoin Bounce in Q4 Amid Trading Volume Resurgence
CryptoNewsTerminal Staff07 Sep, 2024
CryptoQuant CEO: Expect a Bitcoin Bounce in Q4 Amid Trading Volume Resurgence
CryptoQuant CEO Ki-Young Ju recently observed that Bitcoin's spot trading volume dominance on Coinbase has reverted to levels seen before the launch of the Bitcoin spot ETF. To sustain the bull cycle, demand from the US needs to revive, which Ju anticipates happening in Q4. Despite potential errors in his prediction, he maintains that the market is still in mid-cycle and anticipates a retail blow-off top in the future.