CryptoQuant CEO Ki Young Ju advises investors to accumulate Bitcoin (BTC) in the spot market for long-term gains. He suggests now is the "right time" to buy, cautioning against short positions. Ju acknowledges that the Bitcoin bull market may have ended earlier this year from a cyclical perspective. While traditional cycle theory indicates a bottom near the realized price of $56,000, he doubts it will reach that level due to large holders like MicroStrategy unlikely to sell. Furthermore, Ju anticipates potential government liquidity injections next year for political reasons, which could improve market sentiment. Therefore, selling or shorting Bitcoin at current levels is not recommended. He emphasizes a long-term perspective, suggesting strategic accumulation rather than short-term speculation. ```